Pioneer software provider in intermodal logistics sold to Arcadea
Introduction
PICit, a Danish SaaS powerhouse in information management solutions for intermodal logistics, has been acquired by Arcadea Group.
Oaklins’ team in Denmark was engaged by the owners of PICit as strategic and financial advisor in this transaction.
We are incredibly satisfied with the outcome of this transaction. Oaklins’ team skillfully orchestrated a highly competitive process, which resulted in 10+ high quality bids and ultimately in an attractive outcome. Most importantly, they helped us find a long-term partner in Arcadea Group, securing a stable future for our loyal customer base and creating significant growth opportunities for our employees. Oaklins’ commitment and expertise were instrumental throughout this process.HENRIK HØJEN ANDERSEN – CEO & CO-OWNER, PICIT
About PICit
PICit’s 40+ employees provide a shared real-time information platform, called Practical Intermodal Communication (PIC), which binds all transport parties together in an information network and creates a community.
PICit offers a scalable and modular solution that spans across the entire value chain, from Terminal Operating Systems (TOS), Rail Software, Goods Transport Systems (GTS), Customs Systems to Warehouse Management Systems (WMS) and more – all helping to coordinate and optimise movement of logistics in real-time. Through system-to-system integration, PICit ensures end-to-end connectivity across both internal and external systems.
Read more about PICit: www.picit.dk
About Arcadea Group
Arcadea Group invests in high-quality, strongly growing, typically founder-led vertical software companies over extremely long durations. With offices in Canada and the USA, and portfolio companies in North America, Europe and Australasia, Arcadea maintains a global investment purview. With a strong foothold in the Nordics, especially in Denmark, PICit and Arcadea Group are well-positioned to drive growth and enhance market presence throughout existing and new markets.
Read more about Arcadea Group: www.arcadeagroup.com
Talk to the deal team
Managing Partner
View profile
Associate
View profile