Forterro buys Spain’s Inology to expand southern Europe footprint

Acquisition adds cloud expense tool Tickelia and broadens ERP offering for midmarket industrial firms

Forterro, the European industrial software provider, has acquired Barcelona-based Inology, a business management software company best known for its cloud expense management platform Tickelia.

Inology also offers Nubhora, a time and attendance tool, and Marino ERP, an enterprise resource planning solution for discrete and process manufacturers. Tickelia alone has more than 250,000 users in Spain and Portugal.

The deal will reportedly see Inology’s solutions integrated into Forterro’s ERP customer base and delivered through its unified cloud platform, MyForterro. 

The company said the combination will give industrial businesses purpose-built software to strengthen operations and accelerate growth.

Forterro’s chief executive, Dean Forbes, said: “Inology is known for the quality of its solutions and Tickelia is an outstanding AI-automated expense management solution that delivers clear operational and cost benefits to project-driven and customer-service intensive manufacturers.

“This acquisition aligns perfectly with our midmarket focus, accelerating our cloud strategy, extending our reach in southern Europe, and enabling us to offer customers even more of the tools they need to compete and thrive in their local markets.”

Inology will continue to operate from offices in Barcelona, Madrid, Mexico, Colombia and Portugal, with more than 170 employees joining Forterro. 

Founder Jaume Llonch will step away following a transition period, while current chief executive Oscar Llonch will lead the new line of business as managing director.

He said: “Joining Forterro is the perfect next step for Inology. We share a passion for innovation, service and customer success. With Forterro’s backing, we can scale faster, deliver our solutions to more customers across Europe, and continue to invest in the products that have made us a trusted partner for more than three decades. 

“This includes leveraging Forterro’s expertise in AI technologies such as machine learning to further enhance our solutions with smarter expense categorisation and analysis, fraud and anomaly detection and predictive insights and forecasting.”

The acquisition adds about 1,500 SME and upper-midmarket customers to Forterro’s base. It is the group’s fifth transaction in 2025, following the purchases of Danish business intelligence firm TARGIT, fenestration software providers Orgadata and BM Group, and Austrian partner Griesser EDV.

Advisers on the deal included Arcano Partners, Baker McKenzie and Tramuns & Torra Abogados for Inology. Forterro was advised by EY Tax, Alvarez & Marsal on financial diligence, and Garrigues on legal matters in Spain, Colombia and Mexico.

Main image: Oscar Llonch, CEO of Inology with David Coste, President of Forterro. Photo: Forterro