Syslore Oy has been acquired by private equity-backed Escher Group
The shareholders of Syslore Oy have sold the company to Escher Group Holdings plc, a portfolio company of Hanover Investors Management LLP.
Helsinki-based Syslore develops high-performance address matching and recognition solutions for postal and logistics companies, helping them cut operational costs, maximize mail sorting automation, and deliver physical and digital mail streams more efficiently. Syslore’s products and solutions apply artificial intelligence, fuzzy matching, OCR/ICR, pattern recognition, image analysis and machine learning technologies to match and recognize addresses and other data with unrivaled accuracy and speed.
Escher Group Holdings, together with its subsidiaries, provides distributed messaging and data management solutions and services. The company develops, markets, sells, and supports enterprise-wide software applications for post office counter automation and distributed network communication. It offers postal solutions, including omni-channel strategy, postal counter automation, consumer engagement, e-commerce and logistics, digital mail solutions, and license and permit applications, grant solutions, e-government solutions, as well as professional services.
Oaklins’ team in Finland acted as the exclusive financial advisor to the shareholders of Syslore in this transaction.
Talk to the deal team
Related deals
Royal Reesink has sold Motrac Industries to Anders Invest
Royal Reesink and Anders Invest have completed the sale of Motrac Industries, a specialist in hydraulic and electrical engineering.
Learn moreSTAC has been acquired by n2 Group
Strategic Technology Analysis Center (STAC), a world leader in financial-technology benchmarking and events, has been acquired by n2 Group, the UK specialists in advanced computation and IT infrastructure.
STAC joins NAG and VSNi in the growing community of n2 Group companies dedicated to advancing computation through collective innovation, technical excellence and long-term strategic growth. STAC will operate as an independent business within n2, maintaining its brand, identity and ethos.
Winking Studios Limited completes a secondary fundraising of US$20 million
Winking Studios has successfully raised US$20 million to fund its business strategy and future plans, such as strategic acquisitions, alliances and joint ventures as well as secondary or dual listings, to grow the group’s market share and broaden its customer base globally.
Learn more