EG has acquired Lindbak Retail Systems AS, enhancing its leadership in retail software solutions in the Nordic region.
Target Information
EG has acquired the Norwegian IT company, Lindbak Retail Systems AS. This acquisition marks a significant milestone in EG's history and represents the company's first major engagement under the ownership of Francisco Partners. With this strategic move, EG solidifies its position as a leader in retail software solutions across the Nordic region.
Lindbak Retail Systems (LRS) is renowned for providing critical IT solutions tailored for ambitious retail chains in sectors such as groceries, specialty, and services. With a workforce of approximately 130 employees, LRS manages daily operations for over 4,000 stores in Northern Europe, ensuring exemplary service and support from its offices located in Oslo, Bergen, Trondheim, and Göteborg.
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Industry Overview in Norway
The retail industry in Norway has experienced notable transformations in recent years, with an increasing emphasis on digital solutions. Retailers are shifting towards integrating technology into thei
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EG
invested in
Lindbak Retail Systems AS
in 2019
in a Buy & Build / Roll-Up deal