Visma has completed its acquisition of Mobilexpense. The Brussels-based company, which specializes in automated expense and spend management solutions, will continue to operate independently under its current name and management team.
Mobilexpense provides solutions to more than 2,000 customers across Europe. The company targets specific customer segments with three products: MXP for large enterprises, Declaree for medium-sized companies and Expense for smaller organizations. In addition to automating expense management, the platform integrates into financial workflows and helps organizations comply with regulations.
Mobilexpense’s solutions combine business payment cards with reporting and refunds. Customers operate in sectors such as industry and consumer goods, with a strong presence in Belgium, the Netherlands, Germany and Sweden.
After the acquisition, Mobilexpense will continue to operate as an independent company within the Visma group. Merete Hverven, CEO of Visma, calls Mobilexpense a complement to Visma’s existing HR and payroll services.
Strengthening the position in Europe
Thibaud De Keyzer, CEO of Mobilexpense, sees the acquisition as an opportunity to offer customers more value. By partnering with Visma, he expects to promote efficiency and compliance on a larger scale.
Fortino Capital, which has been the main shareholder for the past seven years, sees the acquisition as a logical next step. According to Fortino partner Steven De Troyer, Mobilexpense’s expertise fits well with Visma’s broader financial and HR solutions offerings.
With this acquisition, Visma takes another step in the expansion of its European expense management business.
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