CataCap sells Lyngsoe Systems to Accent

The buyer is acquiring the Denmark-based company via its most recent flagship fund, Accent Equity 2017, which closed in October 2017 on SEK 3bn (EUR 312m).

Lyngsoe's management will co-invest alongside the new sponsor.

Accent said in a statement that it would continue to pursue accelerated growth for the company, which has advanced solutions for asset-tracking and automation for the airport, postal, supply chain, library and healthcare industries.

Lyngsoe had reported revenue of DKK 316m (EUR 42m) in 2021. Vendor CataCap said the company's sales had grown 28% in the past two years.

CataCap acquired the company eight years ago, via its 2011-vintage, debut fund CataCap I. There is one remaining unrealised asset in the fund, TP Aerospace, which resells used breaks and wheels in the airline industry.

Accent Equity 2017, which deploys tickets of EUR 10m-EUR 25m, has made eleven investments to date, including Lyngsoe.

The transaction is expected to close by the end of August 2022.

Company
Lyngsoe Systems is a software developer and systems integrator of logistics solutions for a wide range of complex logistics chain environments within the airport, postal, supply chain, library and healthcare markets. The company has more than 5,000 installations in more than 60 countries.

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• Topics
• Technology
• Nordics
• Buyouts
• Accent Equity Partners
• CataCap
• Denmark