Clearwater advises the owners of Travel Clearing on its sale to Nordtech

Transaction

Travel Clearing sold to Nordtech

Sell-side

Undisclosed

Role

Adviser to the owners of Travel Clearing on its sale to Nordtech

Sector

Financial Services
Tech & Tech Services

Region

Sweden

Clearwater has advised the owners of Travel Clearing, a leading expert in travel administration and electronic payment services, on its sale to Nordtech, the investment firm focusing on tech.

Travel Clearing is a fintech company that has revolutionised business travel payments, supporting 14,000 corporations and governmental authorities in Europe. By working closely with travel management companies, credit institutions, and hotels, its platform facilitates smooth transactions and automatic data transfer, eliminating the need for corporate credit cards and travel expense reports. Travel Clearing also provides valuable data insights that boost the users’ expense control and compliance, while minimising the administrative burden.

Nordtech is an investment firm with deep industry experience within the tech space. Based in Sweden, it invests in Nordic software companies.

We think that the team at Travel Clearing has made an amazing journey and offers its customers a product that provides clear value to all stakeholders. We look forward to working together to continue developing and growing the company.
Nils Bergman, Partner, Nordtech

Nordtech is exactly the kind of owner we’ve dreamed of. They understand what we do and share our vision, and they are not into micromanagement. At the same time, we become part of a group with muscles, network, competence, and proven experience of growing companies like ours.
Andreas Brase, CEO, Travel Clearing

Travel Clearing has in the last 20 years built a unique platform that completely transformed the business travel payments industry in Europe. It’s been great working with both parties of the transaction and we’re looking forward to seeing Travel Clearing’s continued growth journey, with Nordtech as the new owner.
Jonathan Enqvist, Associate Director, Clearwater

Advisers

Tomas Almgren

Managing Partner +46 70 450 03 69 tomas.almgren@clearwatercf.com Connect

Jonathan Enqvist

Director +46 73 029 96 01 jonathan.enqvist@clearwatercf.com Connect

Anton Berzelius

Associate +46 73 084 01 17 anton.berzelius@clearwatercf.com Connect

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