Norvestor has acquired shares from Pearl's founders and invested capital to support the company's growth in Nordic and Baltic IT solutions markets.
Target Information
Pearl is a leading provider of IT solutions tailored for demanding retailers and companies with intricate logistical requirements in the Nordic region. Established with a strong foothold, Pearl caters to approximately 50 clients and operates across multiple locations, including Norway, Sweden, Latvia, Singapore, and Ukraine. The company has reported revenues exceeding NOK 300 million in 2020, demonstrating a reliable record of consistent and profitable growth.
For further details, visit their website at www.pearlgroup.no.
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Industry Overview
The Nordic IT solutions market has witnessed robust growth over the past few years, driven by the increasing digitalization of retail and logistics sectors. Companies are increasingly seeking advanced technological
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Norvestor
invested in
Pearl
in 2021
in a Other Private Equity deal
Disclosed details
Revenue: $35M