Transaction Advisory
Singulier advised on Cobepa’s acquisition of Itineris
July 8 2025
Singulier is proud to have conducted a targeted Tech & Product due diligence to support Cobepa’s acquisition of itineris.
Singulier is pleased to have conducted a targeted Tech & Product due diligence in support of Cobepa’s acquisition of Itineris, a move that strengthens Itineris’s position as a category leader in customer information systems (CIS) for utilities.
Transaction Overview
On June 2025, Cobepa, a long-established private equity fund with a unique ‘evergreen’ approach, announced its acquisition of itineris, the utility-software specialist behind the UMAX CIS platform.
Backed by Cobepa’s capital and strategic support, this investment provides Itineris with the resources to accelerate its international expansion and reinforces confidence in its technology foundations, product roadmap, and long-term strategic vision.
About the Companies
Cobepa is an independent, evergreen investment company with a focus on building strong partnerships with leading businesses across Europe and the United States. It invests in companies with clear growth ambitions, robust fundamentals, and strong management teams.
itineris is a fast-growing software company dedicated to utilities. Its flagship platform, UMAX CIS, is designed to serve the complex needs of water and energy providers. With proven expertise in customer information systems, itineris helps utilities streamline operations, improve customer service, and manage regulatory requirements effectively.
How Singulier Helped
Singulier conducted a Tech & Product due diligence to support Cobepa in evaluating the technology foundation robustness, product strategy and roadmap, and growth potential of iItineris.
Our work focused on three critical dimensions:
- Technology foundation robustness and scalability
- Product vision, development methodology, and organisational solidity
- Growth ambition and roadmap feasibility
This assessment provided Cobepa with a comprehensive view of itineris’s technological foundations and strategic outlook, ensuring confidence in its capacity to scale and deliver on its ambitious roadmap.
The diligence enabled Cobepa to validate both the strength of Itineris’s current offering and the credibility of its future growth trajectory.
Read the full press release on the itineris newsroom and learn more about Singulier’s transaction advisory services.
