23. February - 2014
Lyngsoe Systems is one of the world´s leading systems integrators and software suppliers for complex logistics solutions. Lyngsoe Systems has designed, developed, installed and maintained logistics solutions for more than 30 years. The company is market leader within data capture solutions mainly based on radio frequency identification technology (RFID).
With more than 3,200 installations worldwide in 60 countries, Lyngsoe Systems builds on a unique foundation of knowledge. This includes consulting, process knowledge, design solutions, software development, service and maintenance worldwide.
Lyngsoe Systems has a market leading position in the postal industry in which the company works with the world’s leading postal companies on improving quality and reducing costs. Furthermore, the company sells systems used in libraries, production and logistics businesses and for baggage handling in airports.
Lyngsoe Systems had a turnover of approx. DKK 240 million last year and employs roughly 200 people across Denmark, USA, Canada, Romania, Sweden and Germany.
CataCap and the management of Lyngsoe Systems have, through an exclusive dialogue, developed a common future strategy. The aim is to step change Lyngsoe Systems’ sales and earnings through increased focus on the company’s core activities and strong innovation capacity.
”The owners are extremely happy to initiate a partnership with CataCap. With Lyngsoe Systems’ current size and position in the global market, we believe that the time has come to form a partnership with a professional investor that can help to strengthen the strategic and operational competencies in order to secure continued growth for the company. In this regard, we are confident that CataCap is the right partner”, says CEO and co-owner Finn Mathiassen.
Lyngsoe Systems is CataCap’s third investment since its establishment in December 2012. According to Partner at CataCap, Vilhelm Hahn-Petersen, Lyngsoe Systems is a ”sweet-spot” investment for CataCap, who focuses on catalysing step changes in companies with high growth and development potential.
”We are impressed by Lyngsoe Systems’ competencies and strong market position within RFID and traceability systems as well as the high level of knowledge (embedded) in the organization. Lyngsoe Systems is highly regarded among their customers for delivering valuable solutions. We believe that the company holds a strong growth and earnings potential and is well positioned to become a leading global player within integrated logistics systems. Our goal is to actively contribute to release this step change potential”, says Vilhelm Hahn-Petersen.
The current management, headed by Finn Mathiassen, will continue in the company, and Jørgen Bardenfleth, former CEO of Microsoft Denmark, will become new Chairman of the Board.
The acquisition is expected to be completed in mid-March 2014.
For further information please contact:
Vilhelm Hahn-Petersen, Partner
+45 71 99 19 01
Finn Mathiassen, CEO
+45 96 98 09 80