The Lexit Group has entered into an agreement to acquire Idnet AB. Following the acquisition, the Lexit Group will have annual revenue of approximately one billion NOK and around 240 employees in Norway, Sweden, and Denmark. With this acquisition, the Group will become a leader in data capture and digitization solutions in Scandinavia., according to a press release.
The Lexit Group provides integrated solutions, equipment, and products in its three business areas: data capture & digitization, industrial coding & marking, and labels & packaging.
The data capture and digitization business will essentially double once Idnet becomes part of the group. Idnet, headquartered in Gothenburg, operates primarily in Sweden, where it helps its customers digitize and optimize processes in warehousing, logistics, and retail. As a subsidiary of Lexit Group, Idnet will continue to operate under its own brand.
“In Lexit, we’ve found the right partner with the right mix of complementary geographic coverage, solution portfolio, culture, and expertise,” says Peter Hallinger, CEO of Idnet.
In Sweden, data capture and digitization operations will be coordinated with Idnet. Lexit’s current Swedish subsidiary, Lexit Group Sweden, will focus on the other two business areas: industrial coding & marking, and labels & packaging. In Norway and Denmark, all of Lexit Group’s business areas are operated through joint ventures.
– With Idnet, we are significantly strengthening our ability to serve the largest Scandinavian customers. Idnet has a strong track record of developing and implementing innovative solutions for efficient processes in warehousing, logistics, and retail. The company also has cutting-edge expertise in the implementation of a new generation of electronic shelf labels (ESL) and related solutions. “As part of the Lexit Group, we can offer this expertise and these solutions to our customers in every country,” says Sjur Skjæveland, CEO of the Lexit Group.
The client list for Lexit Group and Idnet includes some of Scandinavia’s best-known companies. The merged group will have a clear strength in the food sector, with producers such as Orkla, Tine, Nortura, and Lantmännen, as well as grocery retailers like Coop, Norgesgruppen/ASKO, and Reitan on its client list. Outside the food sector, the company provides integrated solutions to a wide range of well-known clients, such as Jula, Elgiganten, Apoteket, Plantasjen, PostNord, Volvo, SAS, and Dahl Optimera.
