Unifiedpost Team and Crossinx Be part of Forces to Produce a Exclusive European Organization Community

Enriched get-to-funds and procure-to-spend methods will be established to conquer European industry

  • Jointly creating a exceptional network with circa 1 million SMEs and corporates, owning a massive prospective in the mid-sized current market

  • To start with fintech to offer detailed and scalable ‘out-of-the-box’ products for all consumer segments

  • Enriched benefit proposition across e-invoicing, e-procurement, payments and source chain finance to allow protected, automated and ecological organization procedures

  • Transaction is a +50% share offer

  • Unifiedpost Group raises the fiscal assistance it has offered to the marketplace

Unifiedpost Team (Euronext: UPG) (Unifiedpost), a foremost European fintech business, is very pleased to announce the acquisition of Crossinx GmbH. The acquisition is a main phase in the realisation of the group’s tactic. The methods of both of those firms and their marketplaces are very complementary. By becoming a member of forces, the blended group can now give full get-to-hard cash and procure-to-fork out answers to smaller enterprises, medium-sized corporates and large enterprises. Unifiedpost now also receives access to the crucial German sector, and even the entire DACH region and Hungary. By bringing the companies and methods jointly, various avenues of added benefit generation are unlocked. Unifiedpost for that reason also raises the monetary guidance it has given to the industry.

Crossinx acquisition as a cornerstone of Unifiedpost’s system

To accelerate the realisation of its approach, Unifiedpost combines double-digit natural growth with specific acquisitions. These days it is proud to announce the acquisition of Crossinx, a extremely strategic acquisition for the realisation of Unifiedpost’s system to turn into the leading reliable communications and payments organization community in Europe. The benefit that Crossinx delivers to the firm will be vital in the expansion of Unifiedpost.

Hans Leybaert, CEO and founder of Unifiedpost:

“The acquisition of Crossinx suggests a substantial expansion of Unifiedpost. Not only do we strongly enlarge our geographical footprint in the DACH location, which is vital for our pan-European roll out in 26 international locations this calendar year. Additionally, important and new synergies are designed by this combination of corporations. This will final result in an enriched value proposition throughout e-procurement, e-invoicing and payments, covering the whole order-to-money and procure-to-fork out cycles, to all customer sorts in Europe.

I glimpse ahead to the shut collaboration with the administration of Crossinx, as they will turn out to be a valuable aspect of the Unifiedpost group. Marcus Laube, CEO and founder of Crossinx, is a perfectly-acknowledged pioneer of e-Invoicing and Co-Chair of EESPA (European e-Invoicing Company Supplier Affiliation) and will also be part of Unifiedpost`s Executive Board.

Jointly developing the major European Fintech network

Introducing 350.000 Crossinx SMEs, the Unifiedpost network will incorporate practically 1 million businesses, which includes tiny firms, mid-size enterprises and big corporates. Unifiedpost`s strength in the SME segment will be complemented with Crossinx` experience with corporate buyers. Combining the solutions, for the initially time, comprehensive and ‘out-of-the-box’ merchandise will be offered for all client segments. This will also lead to an increasing curiosity of companions like economical institutions and ERP companies to resell and integrate individuals items with their providing.

Marcus Laube, CEO and founder of Crossinx:

“The merged networks of Unifiedpost and Crossinx will generate a match changer in the sector. The joint cloud network will also include Synthetic Intelligence and Blockchain and will empower corporates to converse among every other and use a assortment of solutions – based on a single connection.”

Complementary systems and offerings lead to persuasive strategic rationale

The mix of Crossinx and Unifiedpost’s methods will create an substantial providing for the vital company processes of procure-to-pay and buy-to-hard cash. The joint value proposition will guide to a more strong built-in supplying, in comparison to other current market players.

Crossinx client foundation will be leveraged in particular by Unifiedpost`s payment and Offer Chain Finance options. Whilst Unifiedpost buyers reward from procedure automation in the parts this kind of as bill approval, get reconciliation and throughout the world tax compliance.

Creation of a fintech team with entire European protection

The up- and cross-selling chances for Unifiedpost in Germany, Switzerland, Austria and Hungary are substantial presented the aforementioned accessibility to a dense community of regional enterprises. As this acquisition launches Unifiedpost in these marketplaces, it is a sizeable strategic expansion and a milestone in the pan-European roll out of the platform. In convert Crossinx can set a boost on the geographic development and expansion of its merchandise by leveraging on Unifiedpost’s presence across the rest of Europe. This will make improvements to the Crossinx price proposition to corporates, becoming its principal focused purchaser team.

Money assistance

With regards to our financial aims, Unifiedpost hereby confirms the guidance it has specified which said that it will have an annual natural and organic development based on the pro forma electronic processing recurring solutions earnings of at minimum 25% by 2022 and a normalised EBITDA of also at minimum 25% by 2023, with a gross margin of at the very least 60% in the same yr. On top of that, Unifiedpost aims to strengthen the digital processing services profits with the write-up and parcel optimisation services earnings, which was acquired in the newest acquisition of 21 Grams at the close of 2020.

With the acquisition of Crossinx, Unifiedpost can furthermore give the steerage that as from 2023 the once-a-year organic and natural development centered on the pro forma electronic processing recurring services earnings (which will involve the total consolidated income of Crossinx) will be at least 30% by 2023.

Transaction aspects

In this transaction, Crossinx is valued at 9.8 instances the projected 2021 consolidated profits, symbolizing an upfront Enterprise Price of €100 million, enhanced with a conditional receive-out payment of €13 million.

The first upfront Enterprise Worth of of €100 million, adjusted for the internet monetary situation and other merchandise, was settled with 50% income and 50% newly issued Unifiedpost shares valued at €20 for each share. In addition, the parties have agreed on 3 earn-out payments based on Crossinx consolidated organic and natural success for the fiscal a long time 2021, 2022 and 2023 respectively. Assuming the most gain-out payments, Crossinx is valued at €160 million, of which €90 million payable in Unifiedpost shares.

About Unifiedpost

Unifiedpost wants to become the major cloud-centered platform for SME business enterprise expert services created on “Paperwork”, “Identification” and “Payments”. Unifiedpost operates and develops a 100% cloud-based mostly platform for administrative and financial providers that will allow serious-time and seamless connections between Unifiedpost’s consumers, their suppliers, their shoppers and other functions together the fiscal value chain. With its 1-prevent-store answers, Unifiedpost’s mission is to make administrative and money procedures easy and clever for its consumers. Considering that its founding in 2001, Unifiedpost has grown significantly, growing to workplaces in 21 countries, with extra than 400 million paperwork processed in 2020, achieving around 450,000 SMEs and additional than 500 Corporates across its platform currently.

Noteworthy specifics and figures:

  • Established in 2001, with a confirmed observe history

  • Turnover of €146 million (pro forma 2020)

  • 1,000+ workforce

  • 400+ million files processed in 2020

  • Numerous portfolio of consumers throughout a extensive selection of industries (banking, leasing, utilities, media, telecommunications, vacation, social safety support providers, public organisations, etcetera.) ranging from huge internationals to SMEs

  • Unifiedpost Payments, a thoroughly owned subsidiary, is recognised as a payment institution by the Nationwide Lender of Belgium

  • Certified Swift companion

  • Intercontinental M&A observe document

  • Detailed on the controlled market place of Euronext Brussels, symbol: UPG

About Crossinx

Crossinx’s mission is to revolutionise accounting in the non-public sector and community administration and to generate a community that is one of a kind in the German-talking small business earth. Crossinx is the foremost German supplier for electronic document trade, it is undertaking higher than sector progress (31% CAGR in excess of 2017-2020). The firm, headquartered in Frankfurt am Major, was founded in 2007 and has above 170 workers in Germany, Switzerland and Hungary, with an R&D crew in Moldavia. The platform of Crossinx facilitates monetary approach automation. With its expert services, it helps SMEs, mid-sized and significant corporates with their digital optimization of acquiring processes and brief-term liquidity. With a settlement quantity of more than €25 billion and a expansion price around 100%, Crossinx is the top German business enterprise community and the chief in the speedy-expanding B2B fintech sector. Far more than 350,000 SMEs and above 1,600 greater corporates are interconnected by its system, which is compliant with the German e-invoicing needs as well as tax-compliant in in excess of 60 nations. Crossinx’ clients include things like big businesses such as ABB, Beiersdorf, Conrad Electronic, CWS boco, Hilti, Sartorius, Sixt and numerous other businesses that also get these answers through company presents from banking companies and ERP suppliers that are part of the Crossinx (oblique) spouse network.

(*) Warning about foreseeable future statements: The statements contained herein may perhaps include forecasts, long term expectations, opinions and other foreseeable future-oriented statements concerning the expected even further functionality of Unifiedpost on the marketplaces in which it is active. Such upcoming-oriented statements are primarily based on the present-day insights and assumptions of management regarding foreseeable future occasions. They normally contain recognized and unidentified dangers, uncertainties and other components, which appear to be justified at the time that the statements are made, but may well probably turn out to be inaccurate. The precise outcomes, performance or situations could vary in essence from the effects, general performance or gatherings which are expressed or implied in these kinds of upcoming-oriented statements. Besides where by demanded by the relevant legislation, Unifiedpost shall presume no obligation to update, elucidate or strengthen long term-oriented statements in this push launch in the gentle of new info, future events or other elements and shall not be held liable on that account. The reader is warned not to rely unduly on potential-oriented statements.

1 Austria, Germany, and Switzerland

Look at supply variation on businesswire.com: https://www.businesswire.com/information/household/20210411005030/en/

Contacts

Enquiries

Hans Leybaert, CEO
+32 477 23 94 80
[email protected]

Laurent Marcelis, CFO
+32 477 61 81 37
[email protected]

Press speak to & Investor Relations

Sarah Heuninck
+32 491 15 05 09
[email protected]