JULY 18 2013
R12 Kapital ("R12") acquires Aditro from Nordic Capital Fund V ("Nordic Capital"). Aditro is a Nordic leader in payroll, HR and finance solutions.
Aditro operates in Sweden, Finland, Denmark, Norway and Estonia and provides software solutions and services for operative and strategic HR, payroll administration and financial resource management. Aditro has 1,300 employees and serves over 12,000 private and public sector customers. In 2012, the company reported revenue of SEK 1,457 million (EUR 167 million).
"I'm very pleased with R12's commitment to support the development of Aditro. We have a leadership position in this segment and will continue to support our extensive customer portfolio by developing our offering and securing positive customer experience", says Johan Berg, CEO of Aditro.
"With its leading market position Aditro is very well positioned to leverage on the ongoing shifts in technology and business models. We see a great opportunity in Aditro, which fits our investment philosophy", says Per Hesselmark from R12.
"In the last years Aditro has made significant investments in its software offering and operational performance, and is now uniquely positioned to continue to develop its business, market position and innovative offering," says Claes Bodell, Principal, NC Advisory AB, advisor to the Nordic Capital Funds.
The parties have agreed not to disclose details regarding the transaction.
The transaction is subject to customary conditions including competition clearance.
Contact information
Aditro
Pelle Bourn, CFO Aditro
Email: pelle.bourn@aditro.com
Tel +46 733 33 99 90
Johan Berg, CEO Aditro
Email: johan.berg@aditro.com
Tel. +46 73 370 30 25
Nordic Capital
Katarina Janerud, Communications Manager
NC Advisory AB - Advisor to the Nordic Capital Funds
Email: katarina.janerud@nordiccapital.com
Tel. +46 8 440 50 69
R12
Per Hesselmark
Email: per@r12kapital.se
Tel +46 70 747 07 02
About Aditro
Aditro is a leading provider of solutions and services
for Human Resource Management, Payroll and Financial Resource
Management. We support our customers in developing and operating
their processes to create an optimal flow for a day in the
office. Thousands of customers in both private and public
sectors trust our innovative and comprehensive offering. They are
served by over 1,300 skilled Aditro professionals in Sweden,
Finland, Denmark, Norway and Estonia. After half a century of
Nordic leadership in HRM and FRM solutions, Aditro has the
extensive know-how and experience to help you simplify your work
day and free you to focus on your business.
Visit www.aditro.com
About Nordic Capital
Nordic Capital private equity funds have invested in large and
medium sized companies primarily in the Nordic region since 1989.
Through committed ownership and by targeting strategic development
and operational improvements, Nordic Capital enables value creation
in its investments. Nordic Capital Funds' investors are principally
international institutions. Nordic Capital Funds invest in
companies in northern Europe and in selected investment
opportunities internationally. Nordic Capital Funds are based in
Jersey, Channel Islands and are advised by the NC Advisory
companies in Sweden, Denmark, Finland, Norway, Germany and the
UK. Additional information about Nordic Capital is available at
www.nordiccapital.com
About R12
R12 is a Swedish holding company managed by co-owners Per
Hesselmark and Hans Ramel. The company's largest owner is the
family of Robert af Jochnick. Please refer to www.r12kapital.se for
further details.