Axcel has acquired the LESSOR Group, a leading provider of IT-based payroll and HR systems, with plans to drive growth and innovation while maintaining the company’s independence.

Information on the Target

Axcel has announced its acquisition of the LESSOR Group, a company specializing in IT-based payroll and human resource systems. The LESSOR Group operates under two primary brands, LESSOR and Danløn, and has secured a prominent position in the payroll systems market for private enterprises. Since its inception in 1972 by the Fich family, the company has witnessed remarkable growth, averaging nearly 10% annually since 1999. Today, the Group serves around 47,000 customers, with over 850,000 employees relying on its systems for their payroll needs.

Henrik Fich, the CEO of the LESSOR Group, reflects on the sale with mixed emotions, highlighting the company’s legacy built over more than four decades by his family. He reassures stakeholders that with Axcel as the new owner, the LESSOR Group will maintain its independence and continue delivering innovative and premier payroll and HR solutions without any disruptions to customers or employees resulting from the ownership transition.

Industry Overview in Denmark

The payroll and HR software market in Denmark has seen significant evolution alongside advances in technology. The increasing complexity of payroll systems, propelled by varying regulations and compliance requirements, has meant a grow