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The Scandinavian software company EG A/S has acquired Lindbak Retail Systems AS


Details

The Scandinavian software company EG A/S (EG) has acquired the Norwegian software company Lindbak Retail Systems AS (LRS). This is the first acquisition since the private equity fund Francisco Partners took over the ownership of EG for DKK 3.7bn in April.

LRS provides IT solutions to retail chains, and the company's 130 employees serve more than 4,000 stores daily in Northern Europe from offices in Oslo, Bergen, Trondheim and Gothenburg. With the acquisition, LRS becomes a leader within retail software in Scandinavia.

LRS will continue to operate as a strong and independent business area within EG which will continue its growth strategy through acquisitions within industry-specific software.

For further information, please read Francisco Partners' press release.

Kåre Stolt, Noel Strange-Obel Johansen, Nikolaj Grønvald Hansen and Mathias Møller Jensen advised Francisco Partners and EG in connection with the acquisition.


Contact

Kåre Stolt
Kåre Stolt

Senior Partner, Attorney-at-Law

Mobile: +45 3078 6600
kaare.stolt@accura.dk

Noel Strange-Obel Johansen
Noel Strange-Obel Johansen

Associate Partner, Attorney-at-Law

Phone: +45 3945 2911
Mobile: +45 3078 6711
noel.johansen@accura.dk


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