Circle Group’s eXyond boosts infomobility reach with QMAP acquisition

An update from Circle SpA ( (IT:CIRC) ) is now available.

Circle Group’s subsidiary eXyond has acquired 100% of Italian technology firm QMAP, which develops GIS and Intelligent Transport Systems solutions for infomobility, transport, logistics and smart mobility, using IoT-based products offered on premises and as-a-service. QMAP generated about €1.4 million in 2025 revenues, growing roughly 17% year on year with an EBITDA margin of around 21% and a neutral net financial position.

The deal, valued at up to roughly €1.51 million and structured in three cash tranches with an earn-out partly payable in Circle shares, is aimed at strengthening eXyond’s capabilities in advanced infomobility, telematics and data analytics. By integrating QMAP, Circle expects to broaden its real-time infomobility and analytics offering across ports, transport and logistics, accelerate development of interoperable digital platforms along the logistics chain, and reinforce its role as a key technology partner in high-growth, innovation-intensive segments in line with its Connect 4 Agile Growth plan.

The most recent analyst rating on (IT:CIRC) stock is a Buy with a EUR10.50 price target. To see the full list of analyst forecasts on Circle SpA stock, see the IT:CIRC Stock Forecast page.

More about Circle SpA

Circle Group is an Italian innovative SME listed on Euronext Growth Milan, focused on process analysis and the development of digital solutions for ports and intermodal logistics. Through its subsidiaries, including eXyond, it provides technologies for the digitalization of transport systems and offers international consulting on Green Deal and energy transition topics, targeting transport, logistics and smart mobility markets.

Average Trading Volume: 8,805

Technical Sentiment Signal: Buy

Current Market Cap: €48.47M

Learn more about CIRC stock on TipRanks’ Stock Analysis page.