Investment company Monterro invests in the fast-growing Linköping based cloud company Nordiska Entreprenadsystem and thereby becomes majority owner. Nordiska Entreprenadsystem develops and delivers the product NEXT, which is a fully cloud-based project and business management tool for construction, maintenance, and contractor business industries. Monterro and Nordiska Entreprenadsystem jointly see the acquisition as a great opportunity for expansion in both existing and new markets.
The development of NEXT began already in the 90s and is today a standardized cloud-based project and business tool for construction, maintenance, and contractor business industries. With NEXT, both small local construction and service companies as well as nationwide contractors can streamline their entire information flow and increase profitability. Throughout Europe, these industries are characterized by a low degree of digitization, which is why a market-leading cloud service such as NEXT has a promising international potential.
Monterro has extensive experience in developing Nordic software companies within the B2B space and deals exclusively with investments in this segment. Together with the staff at Nordiska Entreprenadsystem, Monterro will work to expand the company by further developing the product, strengthening the organization, and accelerating the geographical expansion.
The benefits of digitizing companies within the construction, maintenance, and contractor business industries are several. Revenue can be increased by capturing data on the field, which means a more comprehensive reporting of e.g. building material and use of tools and machines, but also much better documentation of for example change orders. In addition, there are large gains in cost savings through more efficient workflows and reduced administration.
“In the past four years, we have received many inquiries about selling the company, but always declined”, says Anders Jacobson, founder of Nordiska Entreprenadsystem. “With Monterro it was different. They showed at the first meeting that they understood both the software industry and our product. We are now looking forward to continuing our rapid growth and developing the product and company together with Monterro”.
“Nordiska Entreprenadsystem fits well into our corporate portfolio, not least as we intend to continue to focus on fast-growing cloud-companies going forward”, says Gustav Lagercrantz, partner at Monterro. “The company is uniquely positioned within its niche through its deep industry knowledge and high customer satisfaction; and has great potential to continue to grow in both Sweden and Europe. We intend to increase the investments in Nordiska Entreprenadsystem and to develop the offering, thereby creating new opportunities for both new and existing customers”.
Anders Jacobson, Founder and Member of the Board, Nordiska Entreprenadsystem
+46 70-821 3191 | firstname.lastname@example.org
Gustav Lagercrantz, Managing Partner, Monterro
+46 70-734 74 11 | email@example.com
Monterro is a leading B2B software investor in the Nordics, with a mission to turn Nordic software companies into market leaders. With operational experience from successfully developing and running companies such as Pointsec, Episerver, and Orc Software, Monterro actively supports its portfolio companies in all aspects of growth. A substantial part of the fund’s capital, equal to 30%, is coming from the Monterro partners. Since its foundation in 2012, Monterro has completed ten investments as well as eight add-on investments.
About Nordiska Entreprenadsystem
Nordiska Entreprenadsystem develops and delivers the product NEXT, which is a completely cloud-based project and business tool for the construction, maintenance, and contractor business industries. Integrated with financial and payroll systems, NEXT is a complete mobile business system that can be used by companies of all sizes. Many of the employees at Nordiska Entreprenadsystem have a background as project managers and consultants for the nationwide builders such as NCC, Skanska, and Peab; and have over the years accumulated over 200 years of common industry experience. The company is based in Linköping with 400 customers and almost 15,000 NEXT users in Sweden, Norway, and Germany.