Lyngsoe Systems acquired by Swedish private equity fund
The software company Lyngsoe Systems has been acquired by the Swedish private equity fund Accent Equity. With the agreement, Lyngsoe Systems is ready to continue the growth journey that the company set out on in 2014, and to take advantage of its unique domain knowledge and experience within logistics to automate and create transparency in the supply chains of the future – thus expanding the company´s market position even further.
The acquisition marks the end of an eight-year period with the Danish private equity fund CataCap in the ownership group during which the management of Lyngsoe Systems succeeded in commercializing and internationalizing the company to create the foundation for further growth.
Today, Lyngsoe Systems has an install base across 60 countries and increased its revenue by 28 percent and achieved record earnings in the past two years.
“We are very proud of the journey we have taken as a company. It would not have been possible without our excellent employees and a strong owner believing in the business and management. We are very pleased that Accent Equity is now joining the ownership group as it enables us to accelerate our growth ambitions in the coming years”
Villads Thomsen
CEO of Lyngsoe Systems
Accent Equity: high level of competence and a strong commercial platform
Carl Fürstenbach, partner at Accent Equity, looks forward to working with the management and employees of Lyngsoe Systems:
“We strongly believe in Lyngsoe Systems and very much look forward to working with the management and its employees. Despite the pandemic, Lyngsoe Systems has laid a strong foundation for future profitable growth during the last couple of years while also being uniquely positioned in the market. But what really comes across in our due diligence of Lyngsoe Systems is the knowledge level and expertise of its employees. We absolutely look forward to the journey ahead”.
Accent Equity becomes the majority shareholder of Lyngsoe Systems and partners with the current management team which remains a minority shareholder in the company.
Megatrends drive demand for advanced logistical solutions
For more than 40 years, Lyngsoe Systems has developed asset-tracking, automation, and logistics solutions for postal services, libraries, distribution companies, airlines, and airports amongst others. In the wake of the covid-19 pandemic, many global companies have become aware of the importance of optimizing, safeguarding, and creating visibility in their supply chains. This presents companies with several challenges that Lyngsoe Systems’ solutions can help solve.
“The disruptions caused by the pandemic have increased global companies’ need to build more resilient supply chains and automate their processes. Our solutions can help with that. And with our unique competencies within digital logistics and supply chains, we are well positioned to expand into this market and realize our growth potential". - Says Villads Thomsen, CEO at Lyngsoe Systems.
Lyngsoe Systems estimate that the market for asset-tracking alone will grow 20 percent annually up until 2026 from a current estimated value of DKK 36 billion.
The sale is expected to go through on August 31, 2022.
For further information, please contact:
- CEO Villads Thomsen / vth@lyngsoesystems.com / +45 2544 3200
- Partner Carl Fürstenbach / Carl.Furstenbach@accentequity.se / +46 703229899
About Accent Equity
Accent Equity has since 1994 invested in private Nordic companies where a new partner or owner can serve as a catalyst. Our ambition is to invest in and develop the companies to be Nordic, European or Global leaders through a professional, hands-on and long-term oriented approach that results in superior and sustainable returns.
About Lyngsoe Systems
Lyngsoe Systems is one of the world’s leading software developers and systems integrators of logistics solutions for a wide range of complex logistics chain environments within the airport, postal, supply chain, library and healthcare markets. They have been designing, installing and maintaining control and track-and-trace systems for more than 40 years and are leaders within the radio frequency identification (RFID) technology market. With more than 5,000 installations worldwide in more than 60 countries, the Lyngsoe team demonstrates extensive customer process knowledge and advanced expertise within solution design, software development, integration, service and maintenance.