MapsPeople A/S (“MapsPeople”) has entered into an agreement with Apex Group Technologies Inc. (“Apex”), a company controlled by Canadian Round13 Capital, and certain selling shareholders for the acquisition by Apex of a minimum of 51% and up to approximately 64% of MapsPeople A/S’ shares by way of a private placement injecting DKK 39 million into MapsPeople to support its growth ambitions and product innovation, and the acquisition of shares from selling shareholders. As part of the agreement MapsPeople will seek delisting from Nasdaq First North Premier Growth Market Denmark.
MapsPeople is a leading provider of customized and interactive indoor mapping solutions and digital infrastructure. Their platform includes features such as search tools, navigation, location intelligence, and real-time data visualization. This top-tier platform is essential for smart buildings, smart cities, and IoT ecosystems.
Apex is a technology consolidator, which focuses on acquiring and scaling vertical software and tech-enabled platforms. Their approach targets essential businesses where software is mission-critical, customer relationships are deep, and innovation drives real-world impact.
Accura advised MapsPeople in connection with the agreement.
Photo: MapsPeople A/S