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.
“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,” says Villads Thomsen, CEO of Lyngsoe Systems.
Rasmus Lokvig, partner at CataCap: “We firmly believe that Lyngsoe Systems will continue to grow in the years to come. We are very proud of the development the company has taken during our shared ownership with the previous founders and management, and we wish Accent Equity and continuing co-shareholders all the best.”
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.
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.
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