Q3 Acquisition Update

Oct 22, 2019
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Since the beginning of 2019, TSS has acquired 16 new vertical market software (VMS) companies active in various verticals and countries. TSS is realizing its European growth ambitions as we acquired 10 software companies outside of our home market, the Netherlands. And of these 10 new companies that have joined us, 3 are in ‘new TSS’ countries: Belgium, Spain, and Italy. This means that we have expanded our presence to 10 European countries in total.

With these acquisitions we have added new verticals to our range of expertise, entering the hospitality & leisure, manufacturing, and mobility verticals. And we have expanded our expertise within the industries we serve as some of the new companies focus on specific sub-verticals such as:

  • healthcare - clinical laboratories

  • automotive – branded dealerships

  • retail - furniture, consumer electronics, and white goods stores as well as wholesalers

TSS focuses on vertical market software (product) companies of various sizes, covering a multitude of verticals and sub-verticals and in many European countries. Currently, we operate 84 business units, 3,000 employees in 10 countries and 20 verticals, and are looking forward to expanding TSS in existing and new geographies and vertical markets. 2019 Acquisitions
  • Belgium Belgium
    • Dynamic software Automotive
  • Finland Finland
    • Arter Public, healthcare and manufacturing
  • France France
    • Félix Informatique Retail and hospitality
    • Metamicro Financial services
    • Salvia Group Public sector and social housing
    • TECHNIDATA Healthcare
  • Germany Germany
    • wiko Construction
  • Italy Italy
    • Remote Terminal System Manufacturing
  • Netherlands Netherlands
    • Hercules Real Estate
    • Nostradamus Hospitality
    • Korton Software Mobility
    • Onetrail Retail
    • Microcash Retail
    • Square Legal
  • Spain Spain
    • Ofimática Hospitality
  • Sweden Sweden
    • FDT Retail
Hercules / Carve-out of Centric’s social housing solution
  • Acquisition Date January 7, 2019
  • Vertical market Social housing
  • Location Nieuwegein, the Netherlands

ERP solution supporting the primary social housing processes

After review of the corporate strategy, Centric concluded that their social housing activities no longer fitted the overall plan. Therefore, Centric was looking for a trustful partner with a strong focus on the social housing market to secure continuity for both customers and employees.

Salvia Group / Platform acquisition in the French real estate vertical
  • Acquisition Date August 1, 2019
  • Vertical market Real estate
  • Location Aubervilliers, France

Portfolio of integrated point solutions to manage real estate assets

Salvia Développement was a portfolio company of PE firm Argos Soditic. Argos decided to divest the company through a controlled auction, in which we participated. During the process, the combination of added value through best practices as well as our strong expertise in the real estate space allowed us to offer an excellent valuation for the company. Our multi-year relationship with management, together with alignment on the future strategy for the growth of the business allowed us to acquire the business.

Becoming part of TSS

TSS operates a decentralized business model, meaning that the different companies retain a high level of business autonomy while benefitting from certain centralized services and expertise, such as finance and M&A. Our 'Software for Life' philosophy entails that we support the management of the businesses through best practices allowing them to ensure the relevance of their software solutions for their end markets. Our best practices assist them in developing and improving their software continuously, implementing the necessary changes to comply with the new market or legislative requirements, and ensuring that the needed technological advancements are based on customer-driven needs. Furthermore, within TSS, we are focused extensively on talent development and organizational improvement. We aim to provide all our employees with a challenging working environment and ample career opportunities for our highly skilled specialists.

TSS is continuously seeking new opportunities to add value to our existing vertical markets and geographies and is equally excited to explore new verticals and geographies when great opportunities present themselves. In line with our parent company Constellation Software Incorporated, we work with high levels of confidentiality and discretion.

For further information, please contact the M&A team active in your geography via our acquisitions page.