Addnode Group acquires the software company S-GROUP Solution
STOCKHOLM, March 30, 2021 - Addnode Group has signed an agreement to acquire the software company S-GROUP Solutions AB (“S-GROUP Solutions”). The company had sales of SEK 144 million and an EBITDA result of SEK 27 million in the financial year 2020. The acquisition strengthens Addnode Group's market-leading position in Sweden within municipal technology systems and geodata-based solutions for the smart city.S-GROUP Solutions specializes in business-related GIS solutions for municipalities, water and sewage organizations and Lantmäteriet, the Swedish mapping, cadastral and land registration