Panostaja Oyj has invested approximately 2.5 million euros in Lenio Oy, acquiring a 55% ownership stake to accelerate the SaaS provider's growth in the mobile work management sector.
Target Information
Lenio Oy, founded in 2013 and headquartered in Tampere, Finland, is a SaaS product company specializing in mobile work management solutions. The company has a diverse customer base of over a hundred small and medium-sized enterprises (SMEs) across various sectors, including installation, consulting, maintenance, construction, energy, and security. As of the financial year ending December 31, 2024, Lenio achieved net sales exceeding 0.7 million euros, reflecting a robust growth rate of 25% compared to the previous year.
Lenio's annual recurring revenue (ARR) stands at approximately 0.7 million euros at the end of the 2024 fiscal year. This impressive growth trajectory highlights Lenio's successful approach to enhancing productivity and operational efficiency for its clients, positioning the company favorably within its market.
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Industry Overview
The SaaS industry in Finland has witnessed remarkable growth, fueled by digital transformation across multiple sectors. Businesses are increasingly adopting software solutions that can enhance efficiency and stre
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Panostaja Oyj
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Disclosed details
Transaction Size: $3M
Revenue: $1M
Enterprise Value: $4M
Equity Value: $3M
Multiples
EV/Revenue: 5.4x
P/Revenue: 3.6x