May 21, 2021
Ørn acquires the SaaS company Landax
Translink Corporate Finance has advised the owners of Landax AS, a provider of Quality Management Software, on the sale of their shares to Ørn Software AS.
Landax was established in 2005 and had a turnover of € 3.1 million in 2020 with 11 employees and approximately 550 customers. Landax develops software for quality management. The company has an ARR of € 2.1 million.
Ørn Software, listed on Euronext Growth as of March 2021, is a Nordic provider of SaaS solutions. Viking Venture is the largest shareholder of Ørn Software. The company had an ARR in 2020 of € 10.7 million, after delivering a yearly growth of 73% in 2017-2020.
Translink Corporate Finance acted as exclusive M&A advisor to the shareholders of Landax AS on this transaction.
Translink Corporate Finance Norway/ Synergos AS is located in Oslo, Norway. It is composed of 5 seasoned finance and M&A professionals who have in-depth experience in a variety of sectors and disciplines.
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Mike Pawson, Group CFO and shareholder Greenhous Group Ltd
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Steve Tate, CSF Chairman & CEO
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Translink proved to be a winner. We received global interest, from across Europe, the USA and China. BHP worked tirelessly, literally day and night to get the deal over the line in a very short timescale. I cannot recommend BHP enough, their dedication and international connections meant that we closed the deal well above our expected selling price.”
David Webster, Managing Director and shareholder of The Label Makers Limited
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Mattias Kaneteg, Miss Group founder and CEO
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Petri Granroth, CEO and shareholder of Visy
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Steffen Vogel, former owner of Cortex Technology
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Brett Valliant, Corporate development director, Diploma Healthcare Group
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Thomas Melgaard Petersen and Henrik Linnemann, former owners of AlfaNordic
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Giulio Pedrollo, CEO of Pedrollo Group
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Olavi Ruokonen, Former Chairman of the Board of
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Mike Gibney, CEO of LSC
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Tomi Pulkki, CEO and founder of HopLop Oy
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Anneli Koivunen, Chairman of the Board of Priorite Group
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Huang Quan, Chairman of BCC Inc
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Stefan Bellinger, Managing Partner of Carbox
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