Priveq Investment is the new majority owner of Industri-Matematik International AB (IMI), a leading provider of mission-critical supply chain software headquartered in Linköping, Sweden. The IMI software solutions play a central role in automating and streamlining key workflows and are targeted to customers dealing with the largest and most complex distribution networks.
Since the foundation in 1967, IMI has been designing and integrating configurable solutions that transform high-volume distribution of fast-moving goods into a competitive advantage for international and market leading trading companies. Today the software handles over 1 billion order lines annually and IMI´s customers include some of the largest wholesale distributors, grocery stores, pharmaceutical retail chains and 3PL companies in the Nordics, in Europe and in North America. IMI has more than 80 employees and generated revenues of around SEK 170m in 2020.
– Priveq has followed IMI’s development for several years and we are very excited to now invest as well as partner up with management to accelerate growth. We are impressed by IMI’s strong customer offering and close relationships, which provides a stable foundation for continued expansion with existing as well as new customers, says Senai Ayob, Partner and Investment manager at Priveq.
– With Priveq as the new owner we will increase investments in our software, sales and marketing, and our team. This will strengthen our market position further and help our customers to develop a more efficient and sustainable supply chain, says Niklas Rönnbäck, CEO at IMI.
Priveq was advised by Setterwalls, Deloitte, Cupole and Omegapoint in connection with the transaction.
For more than 35 years, Priveq Investment has invested in profitable growth companies. The business concept is to generate value through long-term investments and active ownership in unlisted growth companies. Since 1983, approximately SEK 8 billion has been managed and Priveq Investment and its employees have carried out 130 investments and been involved in taking 28 companies to an IPO. The current portfolio will consist of 19 companies which has a total revenue of approximately SEK 4 billion and 2,000 employees. Some of the current portfolio companies are CSAM Health, ILT Inläsningstjänst, Omegapoint and Ports Group. Behind Priveq Investment is essentially a number of long-term, institutional pension funds in the Nordics and Europe, for example Skandia Liv and Fourth AP fund. Visit www.priveq.se for more information.