Tax Systems acquires Loctax with support from GCS

GCS is pleased to have supported Tax Systems on its acquisition of Loctax, a leading provider of AI-driven tax control and compliance solutions for global in-house tax teams.

The transaction strengthens Tax Systems’ position as a leading multi-tax SaaS platform across the UK and Europe and marks a major step in its global expansion strategy.

Headquartered in the UK and backed by Providence Equity Partners, Tax Systems provides cloud-based software that digitises and streamlines complex tax and accounting processes for enterprise and advisory customers. Loctax, founded in Belgium in 2020, has developed the world’s first AI tax control centre — enabling tax and finance teams to automate compliance, manage risk, and centralise data across multiple jurisdictions.

Bringing Loctax into the Tax Systems portfolio adds a category-defining layer of collaboration and oversight to the existing product suite, enhancing customers’ ability to manage compliance and risk through a single integrated platform.

GCS’s work focused on assessing Loctax’s market opportunity, product proposition, competitive differentiation, and customer adoption across the fast-evolving tax technology landscape.

The GCS team on the transaction was led by James Tetherton and Matt Harrison.