Synergos and Translink Corporate Finance in Spain acted as the M&A advisor to Visma, a leading provider of mission-critical software on its investment in tugesto, a prominent Spanish provider of cloud payroll and other essential business tools.

tugesto was founded in 2015 in Valencia, Spain, and specialises in providing cloud-based solutions for payroll and HR software. Their platform is designed to automate payroll processes, manage employee data, and streamline HR operations, catering to the needs of small and medium-sized enterprises. tugesto will continue to operate as an independent company under the same name and management.

This is Visma’s fifth software acquisition in Spain since entering the market in 2021, and the first acquisition where Synergos and Translink was the selected advisor in that country. This will mark the fitfh European cross-border transaction that Synergos and Translink has advised Visma on.

This latest investment further solidifies Visma’s position as an ambitious market challenger in the Spanish market in the accounting and professional services sectors.

For additional information about the transaction, click here