The integration of Admincontrol accelerates Euronext Corporate Solutions development in the Nordics and
scales up Euronext’s SaaS offering.
Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 13 May 2025 – Euronext, the leading European
capital market infrastructure, today announces that it has completed the acquisition of 100% of the shares of
Admincontrol for an enterprise value of NOK 4,650 million. The transaction complies with Euronext’s capital
allocation policy, with a ROCE expected to exceed WACC between years three to five after closing1.
Admincontrol will be part of Euronext Corporate Solutions, strengthening the development of the franchise in
the Nordics and the UK. The acquisition accelerates Euronext’s strategic ambition to scale up its SaaS offering
and increases Euronext’s share of subscription-based revenue. It more than doubles the size of the Euronext
governance offering and broadens capabilities with state-of-the-art solutions addressing mission-critical
workflows.
Admincontrol has seen double-digit annual growth over the last five years and recorded NOK 452 million of
revenues and NOK 200 million of EBITDA and 44% EBITDA margin in 20242. From the second quarter of 2025,
Admincontrol’s revenue will be integrated into Euronext’s revenue line Corporate and Investor Solutions and
Technology Services, which represented €170.8 million in 20243.
Stéphane Boujnah, CEO of Euronext, said: “The acquisition of Admincontrol positions Euronext Corporate Solutions
as a leader in the governance SaaS space and expands our access to new clients in the Nordics where we have
already expanded our presence over the years with promising growth prospects. Admincontrol will benefit from
Euronext Corporate Solutions’ unique network and expertise across Europe to boost the growth of its state-ofthe-
art governance solutions. We look forward to welcoming Admincontrol’s talented teams to further
accelerate the deployment of its strategy in Europe.”
Møyfrid Øygard, CEO of Admincontrol, said: “Joining Euronext is a significant milestone in Admincontrol’s growth
journey. Excellent governance is critical for the Euronext network of issuers and customers, and we are excited
to bring our complementary product offering to market, supporting Euronext Corporate Solutions’ business and
its position in the Nordics.”
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1 The cashflow related to the transaction will be communicated as part of Q2 2025 results
2 Based on unaudited figures
3 Based on Euronext’s new reporting framework: http://www.euronext.com/en/media/13322/download
CONTACTS
ANALYSTS & INVESTORS – ir@euronext.com
Investor Relations Aurélie Cohen
Judith Stein +33 6 15 23 91 97
MEDIA – mediateam@euronext.com
Europe Aurélie Cohen +33 1 70 48 24 45
Andrea Monzani +39 02 72 42 62 13
Belgium Marianne Aalders +32 26 20 15 01
France, Corporate Flavio Bornancin-Tomasella +33 1 70 48 24 45
Ireland Andrea Monzani +39 02 72 42 62 13
Italy Ester Russom +39 02 72 42 67 56
The Netherlands Marianne Aalders +31 20 721 41 33
Norway Cathrine Lorvik Segerlund +47 41 69 59 10
Portugal Sandra Machado +351 91 777 68 97
Corporate Solutions Andrea Monzani +39 02 72 42 62 13