- Lyngsoe Systems management and key personnel will co-invest alongside Accent Equity
- Accent’s investment will look to support Lyngsoe’s growth
- Lyngsoe is a software development company and system integrator of advanced logistical solutions within asset-tracking and automation
Accent Equity has bought Lyngsoe Systems, a software development company and system integrator of advanced logistical solutions within asset-tracking and automation. The Accent Equity 2017 fund bought the company from Copenhagen-based CataCap, which had been invested in Aars, Denmark-headquartered Lyngsoe since 2014.
“We strongly believe in Lyngsoe Systems and very much look forward to working with the management and its employees,” said Carl Fürstenbach, partner at Accent Equity. “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”
Lyngsoe’s logistical and asset-tracking solutions are utilised across the airport, postal, supply chain, library and healthcare industries. Lyngsoe estimates that the market for asset-tracking will grow 20 percent annually up until 2026 from a current estimated value of €4.8 billion. Accent’s investment will look to support Lyngsoe’s growth in the market.
“The disruptions caused by the pandemic have increased global companies’ need to build more resilient supply chains and automate their processes,” said Villads Thomsen, CEO of Lyngsoe Systems. “With our unique competencies within digitalising logistics and supply chains, we are well positioned to expand into this market and realize our growth potential. 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.”
Accent Equity is a Stockholm-based buyout specialist targeting mid-market companies in the Nordic region. It was founded in 1994 and to date has made over 150 add-on investments.