Extenda is one of Europe’s leading providers of Point of Sale software to tier 1 retailers. Extenda’s product range includes omni-channel solutions, self-scanning and self-checkout, mobile POS and e-commerce integrations. STG Partners has also signed an agreement to acquire Visma Retail from The Visma Group, and will merge Extenda and Visma Retail to form Extenda Retail.
Håkan Valberg, CEO of Extenda commented: “This merger is a perfect match in terms of complementary solutions, geographic coverage, delivery capabilities and organisational culture, all backed by one of the most respected investors in the market. We can push ahead with our growth plans for the new organisation with great confidence. GP Bullhound has been a great advisory partner and their global reach, software industry expertise and execution capabilities proved invaluable in delivering this transaction for us.”
Carl Wessberg, Executive Director at GP Bullhound, commented: “It has been a pleasure to work with Extenda. We are convinced that we have found a great partner for Extenda in STG Partners, and that the combination of Extenda and Visma Retail into Extenda Retail will form a compelling offering.”
This is GP Bullhound’s 16th transaction in 2018, and the firm’s 8th deal completed in the Nordics in the last 20 months including the recent sale of Solita to Apax Digital, the sale of The North Alliance to Norvestor, and the sale of Icomera to Engie Ineo, among others.
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound.