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Monterro acquires Grade and Mashie from InXL Innovation AB

21 January 2015

We are happy to welcome two new companies to our portfolio! Monterro has reached an agreement to acquire 100% of the shares in Grade and Mashie.

Monterro will in total own 82% of the both entities and management and board members will own 18%. The seller, InXL Innovation AB, is listed at First North. Grade (www.grade.com) is a provider of Learning Management System (“LMS”) and e-learning solutions to larger corporations and universities.

Grade has offices in Lund (HQ) and Stockholm. Mashie (www.mashie.se) is a SaaS Software provider for industrial kitchens and food producers. Mashie, which was founded in 1993, has offices in Lund (HQ), Helsingborg and Stockholm.

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