Lexit Group AS

Saga Corporate Finance is pleased to have assisted Scandic Invest in the sale of Lexit Group AS to Findos, a German mid-market private equity fund.

Lexit is a leading provider of mission-critical data collection and product labeling technology in the Nordics, with headquarters in Norway and operations across Sweden, Denmark and Finland. Combining rugged hardware, software, and consultancy, Lexit has created value for over 3,000 customers over 30 years. Lexit’s solutions link product and data flow in supply chains, driving operational efficiency and quality. Catering to different aspects of data management and product identification needs in various industries, including food production, retail, warehouse and logistics, industrials, emergency services, and more. The company has a total turnover of over 1 NOKbn.

Lexit was founded in 1993, and in 2019, the company was acquired by Scandic Invest. New owners and leadership have lifted profitability and created a Nordic leader. Now, the company is ready for its next growth phase, where Scandic Invest recognized the need for new owners with greater capacity. With Findos as a shareholder, Lexit is well-positioned to capitalize on the strong market position it has established to date.