DOCUgroup, a German provider of business information to the construction industry and owned by GMT Communications Partners, has acquired the Nordic assets of Reed Business Information.
It is DOCU’s 12th bolt-on since GMT bought the company in 2004
The acquisition of the Nordic Assets is DOCU’s twelfth bolt-on acquisition since GMT acquired the platform in 2004.
Jeff Montgomery, managing partner at GMT, said: “With the acquisition of the Reed Nordic Assets, DOCU becomes the leading construction information provider in Scandinavia. This transaction, following on from the acquisition of fe.bis in April, represents the next important stage in its active roll-up programme and we are delighted for DOCU as it continues to strengthen its geographical reach. Once integrated, the group will be in an ideal position to achieve its ambitious plans to become the largest provider of business information to the construction industry in Europe.”