Across Legal advises Netrivals on the acquisition of the Spanish company by the French technology company Lengow.
The French technology company Lengow, owned by Marlin Equity Partners and specialised in automation solutions for the e-commerce sector, has closed a deal to acquire the Spanish company NetRivals, from the same sector and based in Barcelona. The deal will accelerate the international growth strategy of the French company, which is headquartered in Nantes and also has offices in Munich (Germany) and London (UK).
Founded in 2016 in Barcelona by Iván Ramírez and Salvador Fábregas, NetRivals’ software captures direct information on more than 1 billion products from more than 32,000 online shops, allowing it to offer its clients real-time data in order to configure their pricing strategy. In addition to Spain, the group has a presence in Andorra, Italy, France, the United Kingdom, Germany, Switzerland, the Netherlands and the United States.
The transaction, in which NetRivals was also advised by GP Bullhound, a merchant bank specialising in the technology sector. “Over the past six years, we have created a leading price intelligence and market analysis software company,” said CEO Ivan Ramirez, who highlighted the “attractiveness” of the union with Lengow.
