Vitec Software Group AB (publ) is strengthening its position in Vertical Market Software on July 06, by acquiring all shares in ABS Laundry Business Solutions (ABS) with headquarters in Boxtel, the Netherlands. ABS reported sales of SEK 203 million for the 2021 financial year.
ABS was founded in 1987 and is the global market leader in software for the laundry industry. ABS focuses primarily on multi-plant industrial launderers active in various industries, predominantly healthcare, hospitality, and industrial verticals such as construction and manufacturing.
ABS serves over 650 laundry facilities across 5 continents, with more than 15,000 active users. With offices in the Netherlands, United States, Romania, France, Belgium, Germany, Denmark and Japan.
“ABS has 35 years of experience, and the company is the leading independent provider of software for the global laundry and textile rental industry. The advanced functionality sets the company ahead of its competition and installations of ABSSolute, in some cases with over 1.000 concurrent users, are business critical for customers worldwide. ABS is a profitable and well-managed company with an operation that is a good fit with our business model and corporate culture. We are pleased to welcome 140 new employees to us today,” says Olle Backman, CEO, Vitec Software Group.
“Vitec has a strong position and holds broad expertise in vertical software. For us, it is crucial to have a long-term owner who is committed to the continued development of the company. I am convinced that together we will continue to develop ABS for the benefit of our customers and staff today and in the future,” says Anne de Boer, CEO, ABS Laundry Business Solution.
For more information, please contact
Olle Backman, CEO, Vitec Software Group AB (publ),
olle.backman@vitecsoftware.com, +46 70 632 89 93
Patrik Fransson, Investor Relations, Vitec Software Group AB (publ),
patrik.fransson@vitecsoftware.com, +46 76 942 85 97
About Vitec
Vitec is market leader for Vertical Market Software in the Nordic region. We develop and deliver standard niche software. Vitec grows through acquisitions of well-managed and well-established software companies. The Group’s overall processes together with the employees’ in-depth knowledge of the customer’s local market enables continuous improvement and innovation. Vitec has 1,050 employees, is listed on Nasdaq Stockholm, and had net sales of SEK 1,571 million in 2021. Find more at www.vitecsoftware.com.
