ABG Sundal Collier acted as Exclusive Financial Advisor to Spir Group ASA in connection with the sale of Sikri AS to STG Partners

On Friday 11 July 2025, Spir Group ASA (“Spir”) announced an agreement to sell its public administration software business Sikri AS (“Sikri”) to STG Partners (“STG”). Following the transaction, Spir will be a streamlined and focused company with leading positions within real estate data and services in Norway and Sweden.
Sikri, which is a leading provider of mission critical public administration software, had revenues of NOK 269.5 million and cash EBITDA of NOK 45.2 million in 2024. The transaction implies an enterprise value of NOK 1.0 billion, in addition to an earn-out payment of NOK 50m, contingent upon the performance in 2025.
STG Partners is a global investment firm with around $12 billion in assets under management.
ABGSC acted as Exclusive Financial Advisor to Spir Group and its owners and would like to extend its gratitude to the full Spir team for the vote of confidence.