London/Boston/Kansas City-based PSG has acquired a majority stake in Madrid’s end-to-end business software provider Nalanda.
Financials were not disclosed. The acquisition is slated to drive Nalanda’s international growth into new verticals and geographies via M&A activity.
“Nalanda is a leading digital automation solution operating with a significant addressable market across multiple large sectors,” said Dany Rammal, Managing Director and Head of the PSG Europe team. “We believe Juan Gil Rabadan and the Nalanda team have built an exceptional business.”
Founded in 2000 by Spanish construction companies FCC, Ferrovial, SICE and Acciona, Nalanda Global operates across 10 counties in Europe, and North and South America via a network of 250 clients and over 45,000 suppliers.
Focusing on the growing adoption of supplier management software across multiple industries, Nalanda’s cloud solution connects companies and suppliers and facilitates the exchange and verification of health and safety, due diligence, suppliers validation, invoices and additional business information including compliance with worker access, working time and e-invoicing legislation.
“We believe PSG’s history of partnering with growing software solutions businesses makes PSG the obvious partner to support Nalanda as it enters the next phase of its growth. We look forward to working with the team at PSG as we build out Nalanda’s product offering and grow into new markets,” adds Nalanda founder and CEO Juan Gil Rabadan.
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