Maj Invest acquires Danish software provider Icotera

Maj Invest took a 75% stake in the company, while Icotera CEO Peter Lund and chief technology officer Kim E Jørgensen will reinvest for a 25% holding as part of the buyout.

The GP tapped its Maj Invest Equity 5 fund for equity in the deal, having held a first close on €215m for its latest vintage in October 2016. According to local media reports, the Icotera buyout was valued in excess of DKK 100m.

In a statement, Maj Invest said it sees growth opportunities for Icotera in continued international expansion, product development and the increasing penetration of fibre networks across its markets.

Company
Headquartered in Holte, Icotera is a developer and manufacturer of equipment and software for fibre internet connections.

The company was founded in 2007 and makes fibre-to-the-home customer premises equipment, such as routers, switches and gateways.

In addition to its Danish headquarters, Icotera has research and development facilities in Szczecin, Poland.

People
Maj Invest Equity – Jan Hove Sørensen (partner).
Icotera – Peter Lund (CEO); Kim E Jørgensen (chief technology officer).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Technology
• Nordics
• Denmark
• Maj Invest Equity