Idhammar (July 2022)
Keystone led the sale of Bristol based maintenance and manufacturing software company Idhammar Systems Limited (“Idhammar”) to Valsoft Corporation Inc. (“Valsoft”), a Canadian company, in May 2022. Keystone acted for the vendor shareholders to identify potential acquirers using its sector knowledge and international network and secured a competitive offer for Idhammar.
Idhammar has been at the forefront of the development of computerised maintenance management and equipment effectiveness systems since it was founded in 1971. With over 40 years’ experience, it develops, delivers and supports market-leading software products that enable clients to achieve the ideal balance of efficiency and effectiveness required within maintenance and manufacturing.
Valsoft acquires and develops software companies in vertical niches, enabling each business to deliver the best mission-critical solutions for customers in their respective industry or niche. A key tenet of Valsoft’s philosophy is to invest in well-established businesses and foster an entrepreneurial environment that moulds companies into leaders in their respective industries. Valsoft looks to buy, hold, and create value through long-term partnerships with existing management.
Adam Rowlands, Partner of Keystone commented:
“We are delighted to have secured an exit for the shareholders of Idhammar at a valuation that reflects the strength of the business, its leading market position and its future potential. Our international reach delivered a purchaser, Valsoft, that is an excellent fit for Idhammar and will provide a springboard for its continuing success.”
John Roberts, the founder and exiting shareholder of Idhammar, added:
“We spent a long time deliberating on the sale of the business and are confident that, in Valsoft, we have found a shareholder to take the company to the next phase of its evolution.”
Michael Assi of Valsoft said:
“The team, culture, and leadership at Idhammar are well aligned with our existing values, and we look forward to building on their successes achieved over the past 30 years.