Parkland Resources, part of the Indofin Group, and Magnus acquire the entire business of listed GeoJunxion N.V. Hogenhouck m&a advised Parkland and Magnus in this process.
Parkland, part of the Indofin Group, and Magnus acquired the entire business of GeoJunxion. The transaction is structured through the acquisition of all shares in GeoJunxion N.V.’s only subsidiary by special purpose vehicle Road Runner B.V. Following the acquisition, GeoJunxion N.V. will be dissolved, whereby the transaction proceeds will be distributed to its shareholders.
On December 12, 2023, the extraordinary general meeting of GeoJunxion N.V. was held in which the shareholders approved the transaction as well as the subsequent dissolution and distribution process. On January 15, 2024, GeoJunxion and Road Runner B.V. jointly announced that the transaction has been completed.
GeoJunxion, a Dutch software company with decades of experience in mapping, operates in the international market for location-aware products and services. The company developed from a traditional map maker, formerly known as AND International Publishers N.V., into a service-provider focused on high value, dynamic content and building environmentally conscious applications, which enrich safety in everyday life.
The Hogenhouck m&a team advising Parkland and Magnus in this transaction was formed by Mark van Beusekom, Victor Rosier, Edwin Lips, Albert van den Pol and Stefan Nguyen.