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SmartCraft acquires LiveCosts to enhance UK market

PRIVATESep 03, 20261 day ago

Acquiring Company

SmartCraft

Acquired Company

LiveCosts

SwedenUnited KingdomSoftwareSaasEnterprise SoftwareSoftwareConstruction

Description

SmartCraft has acquired LiveCosts, a cloud-based cost control platform for SME contractors, enhancing its presence in the UK and Ireland. The acquisition is based on an enterprise value of EUR 8.45 million and adds an annual recurring revenue of EUR 1.77 million. LiveCosts' founders will continue to lead the company, focusing on further growth and innovation. This move aims to improve productivity and profitability for contractors using the platform.

Company Information

Company

SmartCraft

Location

Sweden

About

SmartCraft is the leading Nordic provider of mission-critical SaaS solutions for small and medium-sized businesses in the construction industry, helping them improve productivity, margins, and resource efficiency. Today, the Group has more than 13,400 customers and 270 employees across Norway, Sweden, Finland, Ireland, and the UK. SmartCraft was listed on the Oslo Stock Exchange in June 2021 and subsequently listed on Nasdaq Stockholm in 2026.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
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Frequently asked

Who acquired LiveCosts?

LiveCosts was acquired by SmartCraft, based in Sweden. The deal was reported on September 3, 2026. SmartCraft is the leading Nordic provider of mission-critical SaaS solutions for small and medium-sized businesses in the construction industry, helping them improve productivity, margins, and resource efficiency. SmartCraft is privately held and operates in Software.

When did SmartCraft acquire LiveCosts?

SmartCraft's acquisition of LiveCosts was reported on September 3, 2026. SmartCraft has acquired LiveCosts, a cloud-based cost control platform for SME contractors, enhancing its presence in the UK and Ireland. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does LiveCosts do?

LiveCosts is a construction software company that provides a cloud-based cost control platform for SME contractors. It gives contractors live control of project budgets and costs, targeting a part of the workflow where many still rely on spreadsheets. It is privately held, operating in Software, and is based in United Kingdom.

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