Prodways Group to sell software business for €35M
Prodways Group, a Groupe Gorgé company headquartered in Paris, France, has signed a sale agreement for its Software business, led by its subsidiary AvenAo. The company stated that the transaction is fully in line with the strategy announced in 2025 to divest the activities of the Systems division. The identity of the buyer has not yet been named.
AvenAo supports industrial companies in their digital transformation by offering solutions tailored to each stage of the product lifecycle. In 2025, AvenAo contributed €13.5 million in revenue and €3.9 million in recurring EBITDA to Prodways Group.
The sale agreement values the shares in the Software business at €35 million. This transaction, reportedly completed at a valuation exceeding Prodways Group’s market capitalisation at the last closing price, reflects the valuation of this activity for Prodways Group shareholders, states the company.
The final completion of the transaction remains subject to the lifting of several conditions precedent, including obtaining the agreement of a strategic business partner, as well as the approval of the sale by the General Meeting of Shareholders of Prodways Group, which will be convened shortly. Subject to the fulfilment of these conditions, the transaction could be completed in the coming months.
Subject to approval of the transaction, the company intends to distribute a significant portion of the disposal proceeds to its shareholders. The precise terms of this redistribution, as well as the amount concerned, will be determined by the Board of Directors.
