Italian technology firm Bending Spoons has announced a definitive agreement to acquire the prominent no-code platform Airtable. The all-cash deal is valued at a significant $1.285 billion, marking a major strategic move for the Milan-based company. This acquisition underscores Bending Spoons' ambition to expand its footprint from consumer applications into the lucrative enterprise software market.
A Strategic Expansion for Bending Spoons
This acquisition is the latest in a series of strategic purchases for Bending Spoons, which has a well-established history of acquiring and scaling digital businesses. The company recently added notable brands like AOL and Eventbrite to its growing portfolio. This move into the no-code sector with Airtable signals a deliberate and significant diversification of its business interests.
The transaction is particularly noteworthy as it is Bending Spoons' first major deal since its debut on the Nasdaq stock exchange in July 2026. It demonstrates the company's intent to aggressively pursue growth and leverage its new public status to fund large-scale acquisitions. This strategic purchase solidifies its transition into a major player within the enterprise technology landscape.
Airtable's Market Position and Growth
Since its founding in 2013, Airtable has carved out a leading position in the collaborative work management space. Its innovative platform combines the familiarity of a spreadsheet with the robust functionality of a database. This unique approach empowers teams to build custom applications and automate workflows without needing specialized coding skills.
Airtable's impressive market penetration is evidenced by its customer base, which includes over 500,000 organizations and 80% of the Fortune 100. The company's financial performance is equally strong, boasting an annual recurring revenue of approximately $480 million as of June 2026. This represents a healthy year-over-year growth rate of more than 20 percent.
Details of the Transaction
Under the terms of the agreement, Bending Spoons will acquire 100 percent of Airtable's outstanding shares for $1.285 billion in cash. The deal implies an equity value of approximately $2.25 billion when factoring in Airtable's net cash and cash equivalents. This all-cash offer reflects Bending Spoons' confidence in Airtable's future value and market potential.
The acquisition has received unanimous approval from the boards of directors at both companies, indicating strong alignment on the strategic vision. The transaction is expected to be finalized later this year, pending the completion of customary regulatory reviews and closing conditions. In the interim, both Bending Spoons and Airtable will maintain their independent business operations.
A distinguished group of financial and legal firms advised on the transaction, which was first reported by Reuters. Bending Spoons received financial advice from Goldman Sachs and J.P. Morgan, while Willkie Farr & Gallagher LLP provided legal counsel. AXOM Partners served as the financial advisor to Airtable, guiding the company through this significant corporate milestone.
The acquisition of Airtable by Bending Spoons represents a transformative step for both organizations and the broader software industry. It provides Airtable with the resources of a larger public company to accelerate its growth and innovation in the no-code space. For Bending Spoons, this landmark deal firmly establishes its presence in the competitive enterprise software market, heralding a new chapter of strategic expansion.