Xllnc Group AB has agreed to acquire Lin Group AB, enhancing its role in the Nordic consultancy market for digital end-user equipment by leveraging combined expertise and resources.

Information on the Target

Xllnc Group AB ("Xllnc"), a company primarily owned by Norvestor VII, L.P., has reached an agreement to acquire Lin Group AB ("Lin Education"). Both companies are recognized leaders in their respective customer segments, and their union is set to position them as a dominant player in the consultancy services market for digital end-user equipment across the Nordic region. This acquisition is anticipated to enhance the combined offerings and market reach of both brands significantly.

Lin Education, founded in Sweden in 2008, has expanded its operations into Norway and has experienced substantial growth, from a modest revenue of SEK 5 million and merely two employees to over SEK 500 million in revenue and a workforce exceeding 120 employees. The company's focus on providing technological solutions, including laptops, tablets, and cloud services, positions it as a vital partner for schools in their digital transformation journey.

Industry Overview in the Target's Specific Country

The educational technology sector in Sweden is witnessing a rapid transformation, characterized by a significant emphasis on the digitization of learning environments. Schools are increasingly investing in advanced technologica