IT LCM leader Xllnc acquires third company in a year as part of continued expansion
Lin Education, a specialised provider of digital devices and services, is based out of Gothenburg with additional operations in Stockholm, Malmö, Karlstad, Umeå and a Norwegian presence through their office in Oslo.
An experienced LCM provider for the education sector, one of Lin Education’s key differentiators is its extensive experience within the education space, where it brings expertise and technical knowledge to ease the digital transformation.
This expertise has resulted in the company becoming a leader in the Swedish school market, installing over 290,000 digital devices in schools. Lin Education provides a broad range of hardware products and pedagogic services for the educational sector and arranges over 1,000 training sessions and workshops on learning, development and digitalisation each year.
Following the sale of Xllnc to Norvestor in January 2019, Xllnc has started to accelerate its growth with the acquisition of Lin Education.
This acquisition is paving Xllnc’s road to leadership in the Nordic IT lifecycle management (LCM) space, by combining its state of the art Hardware-as-a-Service platform with Lin’s unique LCM position in the education sector. Furthermore, this acquisition will enable Xllnc to strengthen its existing platform with a higher volume of devices and leverage its existing offering, driving cross-selling and reducing procurement costs.
Commenting on the transaction, Henning Vold, Partner at Norvestor said: “We are proud to support Xllnc in this acquisition process, and strongly believe that Lin Education’s deep expertise in the digitalisation of the education sector – going beyond simply bringing PCs and tablets to pupils – is something that can be leveraged in the other sectors where Xllnc is currently active. We are thrilled to welcome Lin Education to the Xllnc family, and are excited about the next steps of this journey.”
This acquisition is the third made by the company over the past year, with Timetech and Supplies Team joining the Xllnc family in Summer 2018. Following this latest acquisition, Xllnc plans to reach more than SEK 2.4bn in consolidated revenue for 2019.
“Once again, the team at Stella EOC has proven to be very professional and was instrumental in helping us securing this transaction with the best possible terms. They have continuously provided very high-quality advice with their deep understanding of our industry and, even within a very restricted time, managed to lead the process seamlessly.”
“Stella EOC has been a trusted partner to the Xllnc team for over a year now, helping them build a great team and a thriving business. When Xllnc put M&A on their strategic road map for the years to come, it was an easy decision to retain an advisor who knows Xllnc, its operations and culture, in addition to their key target markets. This intimate knowledge of the company has been demonstrated in their execution and long-term commitment to the Xllnc team. Stella EOC once again has proven to be instrumental in scoping and executing this transaction, and we look forward to working with them on future opportunities.”