Avolta is extremely proud to announce it has advised Alobees, a leading French SaaS provider for construction site management, on its sale to Traxxeo, a pan-European leader in workforce and equipment management solutions for the construction sector.
The merger of Alobees and Traxxeo gives birth to Eternia Group, the new European reference in digital solutions for the construction industry. By combining their complementary expertise, the two companies intend to offer the most comprehensive suite of solutions for the sector, addressing the needs of SMEs with as few as 10 employees up to large groups with more than 20,000 staff.
About Alobees
Founded in 2017, Alobees is a SaaS platform dedicated to project management and workforce coordination in the construction sector. Focused on companies with 10 to 200 employees, the solution digitalizes daily site operations including task management, reporting, and communication between teams, helping SMEs save time, increase transparency, and boost productivity.
About Traxxeo
Founded in 2008, Traxxeo is a SaaS HR platform specializing in time and activity tracking and compliance management for construction companies ranging from 200 to over 20,000 employees. Headquartered in Belgium, Traxxeo has established itself as the go-to solution for large and mid-sized construction groups seeking to optimize workforce and equipment management.
About Avolta
Avolta is a leading European tech investment bank with recognized expertise in software transactions. Advising Alobees on its sales to Traxxeo sets another landmark for Avolta in the software space, confirming its leadership, having recently advised BID Equity on its acquisition of TinyMDM, Elevo on its acquisition by Assessio (Pollen Street Capital), Unifai on its sale to Akeneo (Summit Partners), Dartagnan on its sale to JustRelate (BID Equity).
