LA HULPE, Belgium – (BUSINESS WIRE) –Unifiedpost Group (Euronext: UPG) (Unifiedpost), a number one European fintech firm, is proud to announce the acquisition of Crossinx GmbH. The acquisition is a serious step within the achievement of the group’s technique. The options of the 2 corporations and their markets are very complementary. By becoming a member of forces, the mixed group can now supply full money ordering and procurement to cost options to small companies, midsize companies and enormous enterprises. Unifiedpost now additionally has entry to the essential German market, and even to your complete DACH area and Hungary. By bringing corporations and options collectively, a number of avenues for creating extra worth are unlocked. Unifiedpost is subsequently additionally growing the monetary steerage it has given to the market.

The acquisition of Crossinx as a cornerstone of Unifiedpost’s technique

To speed up the execution of its technique, Unifiedpost combines double-digit natural progress with focused acquisitions. At this time, she is proud to announce the acquisition of Crossinx, a really strategic acquisition to meet Unifiedpost’s technique of changing into the main trusted communications and funds business community in Europe. The worth Crossinx brings to the enterprise shall be key to Unifiedpost’s growth.

Hans Leybaert, CEO and founding father of Unifiedpost:

“The acquisition of Crossinx signifies a major growth of Unifiedpost. Not solely are we tremendously increasing our geographic footprint within the DACH area, which is essential for our pan-European deployment in 26 nations this 12 months. As well as, essential and new synergies are created by this mixture of corporations. This can lead to an enriched worth proposition for e-purchasing, e-invoicing and funds, protecting the total order-to-pay and procurement-to-pay cycles, for all sorts of shoppers in Europe.

I stay up for the shut collaboration with the administration of Crossinx, as they may change into a precious a part of the Unifiedpost group. Marcus Laube, CEO and Founding father of Crossinx, is a widely known e-invoicing pioneer and co-chair of the European e-Invoicing Service Supplier Affiliation (EESPA) and also will be part of the Unifiedpost board.

Joint creation of the biggest European Fintech community

By including 350,000 Crossinx SMBs, the Unifiedpost community will embody practically a million companies, together with small companies, midsize companies and enormous enterprises. Unifiedpost’s power within the SME phase shall be complemented by Crossinx’s experience with company shoppers. By combining the options, for the primary time, full, ready-to-use merchandise shall be out there for all buyer segments. It is going to additionally result in rising curiosity from companions resembling monetary establishments and ERP distributors to resell and combine these merchandise into their providing.

Marcus Laube, CEO and Founding father of Crossinx:

“The mixed networks of Unifiedpost and Crossinx shall be a game-changer available in the market. The widespread cloud community may even embody synthetic intelligence and blockchain and permit companies to speak with one another and use a wide range of providers – primarily based on a single connection.

Complementary applied sciences and gives result in a convincing strategic justification

The mixture of Crossinx and Unifiedpost options will create a whole providing for important enterprise processes from procurement to cost and order to cost. The widespread worth proposition will result in a extra sturdy built-in supply, in comparison with different market gamers.

Crossinx’s buyer base shall be significantly leveraged by Unifiedpost’s cost and provide chain finance options. Whereas Unifiedpost prospects profit from course of automation in areas resembling bill approval, order reconciliation and world tax compliance.

Creation of a fintech group with full European protection

Unifiedpost’s upselling and cross-selling alternatives in Germany, Switzerland, Austria and Hungary are important given the aforementioned entry to a dense community of native companies. As this acquisition launches Unifiedpost in these markets, it’s a important strategic growth and an essential step within the pan-European deployment of the platform. In flip, Crossinx can drive geographic progress and product growth by leveraging Unifiedpost’s presence in the remainder of Europe. This can enhance Crossinx’s enterprise worth proposition, which is its major goal buyer group.

Monetary steerage

With respect to our monetary goals, Unifiedpost hereby confirms the steerage it has given, that it’s going to have annual natural progress primarily based on income from recurring professional forma digital processing providers of not less than 25% by 2022 and normalized EBITDA of not less than 25% as nicely. by 2023, with a gross margin of not less than 60% in the identical 12 months. As well as, Unifiedpost goals to strengthen income from digital processing providers with income from postal and parcel optimization providers, which was achieved within the final acquisition of 21 Grams on the finish of 2020.

With the acquisition of Crossinx, Unifiedpost can additional report that from 2023, annual natural progress primarily based on income from recurring professional forma digital processing providers (which can embody all consolidated income of Crossinx) shall be not less than 30% by 2023.

Transaction particulars

On this transaction, Crossinx is valued at 9.8 occasions the 2021 forecast consolidated gross sales, i.e. an preliminary enterprise worth of 100 million euros, elevated by a conditional earnout of 13 million euros.

The preliminary preliminary enterprise worth of 100 million euros, adjusted for internet monetary place and different gadgets, was settled with 50% money and 50% of newly issued Unifiedpost shares valued at 20 euros per share. As well as, the events have agreed to three value dietary supplements primarily based on Crossinx’s consolidated natural outcomes for fiscal years 2021, 2022 and 2023 respectively. Within the occasion of most value dietary supplements, Crossinx is valued at 160 million euros, of which 90 million euros are payable in Unifiedpost shares.

About Unifiedpost

Unifiedpost needs to change into the primary cloud platform for SME providers primarily based on “Paperwork”, “Id” and “Funds”. Unifiedpost operates and develops a 100% cloud-based platform for administrative and monetary providers that allows real-time and seamless connections between Unifiedpost prospects, their suppliers, prospects and different events all through the availability chain. monetary worth. With its one-stop-shop options, Unifiedpost’s mission is to make administrative and monetary processes easy and good for its prospects. Since its inception in 2001, Unifiedpost has grown considerably, increasing to places of work in 21 nations, with over 400 million paperwork processed in 2020, now reaching over 450,000 SMEs and over 500 corporations on its platform.

Notable information and figures:

  • Based in 2001, with confirmed expertise

  • Turnover of 146 million euros (professional forma 2020)

  • 1000+ workers

  • Over 400 million paperwork processed in 2020

  • Diversified portfolio of shoppers in all kinds of industries (banking, leasing, utilities, media, telecommunications, journey, social safety service suppliers, public organizations, and so on.) starting from giant internationals to SMEs

  • Unifiedpost Funds, a 100% subsidiary, is acknowledged as a cost establishment by the Nationwide Financial institution of Belgium

  • Licensed Swift Associate

  • Worldwide evaluation of mergers and acquisitions

  • Listed on the regulated market of Euronext Brussels, image: UPG

About Crossinx

Crossinx’s mission is to revolutionize accounting within the non-public sector and public administration and to create a novel community within the German-speaking enterprise world. Crossinx is the primary German provider of digital doc alternate, it exhibits efficiency above market progress (31% CAGR over 2017-2020). The corporate, headquartered in Frankfurt am Essential, was based in 2007 and has greater than 170 workers in Germany, Switzerland and Hungary, with an R&D group in Moldova. Crossinx’s platform facilitates the automation of monetary processes. Together with his providers, he helps SMEs, medium and enormous corporations within the digital optimization of buying processes and short-term liquidity. With a settlement quantity of over 25 billion euros and a progress charge of over 100%, Crossinx is Germany’s main business community and the chief within the rising B2B fintech market. Over 350,000 SMEs and over 1,600 giant enterprises are interconnected via its platform, which complies with German digital invoicing and tax necessities in additional than 60 nations. Crossinx prospects embody giant corporations resembling ABB, Beiersdorf, Conrad Digital, CWS boco, Hilti, Sartorius, Sixt and lots of different corporations who additionally get these options via service choices from banks and ERP producers doing a part of the Crossinx associate (oblique). community.

Warning Relating to Future Statements: Statements contained on this doc might include forecasts, future expectations, opinions and different forward-looking statements concerning the anticipated future efficiency of Unifiedpost within the markets by which it operates. These forward-looking statements are primarily based on administration’s present concepts and assumptions concerning future occasions. They naturally contain recognized and unknown dangers, uncertainties and different elements, which look like justified on the time the statements are made, however might ultimately show to be inaccurate. Precise outcomes, efficiency or occasions might differ materially from the outcomes, efficiency or occasions expressed or implied in these forward-looking statements. Besides the place required by relevant regulation, Unifiedpost assumes no obligation to replace, make clear or enhance any forward-looking statements on this press launch in mild of recent data, future occasions or in any other case. components and cannot be held accountable for this reality. The reader is cautioned to not place undue reliance on forward-looking statements. 1

Austria, Germany and Switzerland

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