Volpi Capital has acquired a majority stake in Asolvi, a leading provider of service management software for SMEs, to support its expansion across Europe.

Target Information

Asolvi is a prominent provider of service management software tailored for small and medium-sized enterprises (SMEs) in various field service sectors, including printing and copying, alarm systems, fire and security, and vending machines. Established in Norway in 1991, Asolvi has rapidly expanded its client base to over 1,500 customers across more than 30 countries, establishing itself as a leader in the field service management software industry in Europe. Currently, the company employs more than 100 staff across various European offices, reflecting its extensive growth and market presence.

Asolvi's innovative solutions cater specifically to the needs of SMEs, offering functionality that enhances productivity and operational efficiency. The company's commitment to delivering exceptional service management tools positions it strategically within a rapidly evolving market that is projected to reach $5.39 billion globally by 2023, according to a recent forecast from 360 ResearchReports.

Industry Overview

The field service management industry in Europe is experiencing significant growth, driven by the increasing adoption of technology and software solutions among SMEs. The sector is characterized by a diverse range of players, from ni