Infopro Digital group announced an agreement to enter into the acquisition of DOCUgroup, taking a major step in its international expansion.
The closing of the DOCUgroup acquisition is subject to receiving clearance from the relevant regulatory authorities.
DOCUgroup is a leader in Germany, Austria and Switzerland in business information for the construction, architecture and real estate industries.
As of today, DOCUgroup has two main activities:
- Project Information, whose flagship brand is IBAU which is an online subscription platform that references almost 1 million private and public real estate projects.
- Product Information, with leading brands such as Heinze and Baunetz, which are digital platforms that enable architects and planners to access databases and detailed information for over 500,000 products. These platforms attract around 15 million online visits each year.
With a presence in France through Le Moniteur and Vecteur Plus, in Belgium and the Netherlands, Infopro Digital reinforces its offer to professionals from the building industry.
Over 500 employees will join the Infopro Digital group, which will then include more than 3,200 people worldwide. DOCUgroup generates a turnover of €67 million, which will allow Infopro Digital to reach a turnover of approximately €440 million once the acquisition is completed.
Christophe Czajka, Executive Chairman of Infopro Digital: “With the acquisition of DOCUgroup, we become a truly European BtB and Data company. The share of our turnover generated outside of France increased from 14% to 35% in less than a year. Over 1,300 group employees will be based in Germany, the United Kingdom, Switzerland, Belgium, Portugal, Austria, Italy, Spain, the Netherlands, the United States, Hong Kong, and Tunisia.”
Julien Elmaleh, CEO of Infopro Digital: “The DOCUgroup DNA fits perfectly with that of Infopro Digital: data bases and digital platforms allowing professionals to develop their commercial activity and have detailed and high quality business information. Combined, we will have an unmatched offer for professionals in the building industry”.
The DOCUgroup management will join the Infopro Digital group and share its expertise and experience and professionalism to create the leading construction information platform in Europe.
The acquisition will be financed with additional indebtedness, available cash on hand at the group level and an equity contribution from the shareholders of Infopro Digital group. The majority shareholder of Infopro Digital, alongside management of the group, is TowerBrook.