ABG Sundal Collier acted as financial advisor to the Nordic vertical software group, Confirma Software, in the acquisition of the Danish software company, SmartTID

Today, the Nordic vertical software group, Confirma Software, announced the successful acquisition of the Danish workforce management software provider, SmartTID.
Confirma Software is a fast-growing Nordic vertical software group backed by the US private equity fund Abry Partners. Confirma Software proactively seeks to consolidate the Nordic market for vertically focused software providers and has since establishment in 2019 acquired 18 companies. The acquisition of SmartTID is Confirma Software’s second acquisition in Denmark. The acquisition will strategically diversify Confirma Software’s customer portfolio, increase its geographical footprint in Denmark, and strengthen its presence in the workforce management segment.
SmartTID offers straightforward and versatile scheduling, time and attendance solutions geared towards sectors such as production and manufacturing, transport and logistics and agriculture.
The terms of the transaction are undisclosed.