Equip invests in ØkonomiBistand – prepares for further Nordic expansion

Equip becomes a majority shareholder in the ØkonomiBistand group, a Nordic provider of software, development, and consulting services to companies of all sizes.

ØkonomiBistand was founded by Nils Ole Fladhus in 1990 and has grown into a leading Nordic ERP, HR and CRM software and service provider. The company is the number one Visma partner in Norway with the highest customer satisfaction. The group has 2000 customers and 100 employees in Norway and Sweden, and total revenues of NOK 150 million last year.

The ERP market is growing rapidly due to cloud migration. ØkonomiBistand is a leader in this market with strong and profitable growth based on happy and loyal customers, an outstanding support model, as well as an attractive portfolio of own software and IP. We are impressed by what the management team and organization has achieved. The group is in an excellent position to scale into new segments and expand the business in the Nordics and in the European market. Torkild Hebbert Haukaas, partner at Equip Capital

ØkonomiBistand has a portfolio of own software products and solutions within ERP, CRM and HRM. Together with partners such as Visma, 24SevenOffice and SuperOffice, the group delivers ERP and CRM systems, e-commerce and checkout solutions, Business Intelligence, time and project management solutions and document handling.

Our strategy is to buy successful companies. With respect for the individual company's winning recipe and culture, we contribute expertise and capital to accelerate the development. ØkonomiBistand has highly skilled employees and exceptionally satisfied and loyal customers, which is a good foundation for further growth. Torkild Hebbert Haukaas, partner at Equip Capital

Nils Ole Fladhus reinvests in the company and looks forward to the next phase of the group’s journey.

Even though we are proud of where ØkonomiBistand is today, we believe that the company can grow faster with the right partner. Equip brings complementary know-how, network, strength and skills to contribute to a successful expansion where we will continue to develop the best solutions for our customers. Nils Ole Fladhus,  EVP at ØkonomiBistand

Terje Simonsen, who will continue to lead the company as well as reinvest, welcomes Equip as the majority owner.

Digitalization requires integrations. There is no IT project that is not also an integration project, and digitization becomes "just a word" if you do not have smart solutions for information exchange. Here, our proprietary platform for system integration in the cloud is essential. We are well equipped and will take customers safely into the next decade. Terje Simonsen, CEO at ØkonomiBistand

The accounting services part of ØkonomiBistand is not part of the transaction and will remain under its current ownership.

Oaklins’ team in Norway had the pleasure of working with Equip Capital and represent the buyer in this transaction.