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Spir Group Posts Margin Gains as Bidco Clover Moves to Take Company Private

Story Highlights
  • Spir Group posted modest Q4 revenue growth but significantly improved margins, with solid Ambita performance offsetting headwinds from Sweden and a weak housing market.
  • Bidco Clover secured over 90 percent of Spir Group shares, enabling a planned compulsory buyout, delisting, and shift to private ownership to support strategic flexibility.
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Spir Group Posts Margin Gains as Bidco Clover Moves to Take Company Private

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Sikri Holding AS ( (DE:57U0) ) has shared an update.

Spir Group ASA reported fourth-quarter 2025 revenue of NOK 204.1 million, up 1.1 percent year-over-year, with gross margin rising to 61.1 percent and adjusted cash EBITDA margin improving to 7.1 percent from 1.9 percent. Growth was driven by solid performance in the Ambita segment, while overall revenue expansion was constrained by a weak housing market and regulatory effects from the Open Data directive on the Swedish Metria unit.

During the quarter, Bidco Clover AS launched a voluntary cash offer for Spir Group shares and has now secured 90.29 percent of the company at NOK 8.567 per share, paving the way for a compulsory acquisition of remaining shares and a delisting from the Oslo Stock Exchange. Management said the move to private ownership is expected to give Spir Group greater strategic flexibility to pursue its growth plans and strengthen its role as a provider of mission-critical property data and software in the Nordic market.

More about Sikri Holding AS

Spir Group ASA is a Nordic provider of mission-critical digital solutions for the property industry, focusing on data, software and geo-information services for the real estate markets in Norway and Sweden. The company operates through segments including Ambita in Norway and Metria in Sweden, serving professional stakeholders in housing and property transactions.

Average Trading Volume: 178,553

Current Market Cap: NOK1.13B

Learn more about 57U0 stock on TipRanks’ Stock Analysis page.

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