Jul 06, 2022
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Sweden
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Sweden
Luleå, Sweden, 5 July. FDT-System AB (“FDT”) has acquired Electra Smart AB which operates and runs the commercial activities of the “Smart” POS system from Elon AB (publ) (“Elon”).
Elon, who recently merged with Electra Gruppen AB (publ), and FDT, have announced on 13 May 2022 that they had entered into a letter of intent regarding a potential sale and acquisition of the Smart POS system. On 1 July, Elon and FDT have successfully completed the sale. The Smart POS system has been owned, developed, and operated by Electra Gruppen since 2002. It has been designed specifically for specialist retailers, and approximately 200 stores are connected to the system. The system is used, in whole or partly, within Elon's four chain concepts and by six external chains.
One of the reasons for the transaction is to have a single owner, FDT, for both POS systems that Elon uses. FDT's POS system is currently used by stores connected to Elon's chain concept in Sweden and Norway, whereas Elon Ljud & Bild, Digitalbutikerna, RingUp stores, and Em home stores use the Smart POS system. Having one owner for both POS systems used within Elon's various chain concepts brings many benefits. FDT can now enable synergies for retailers who use multiple systems in their stores. And the software company can also bring new advantages to other customers of the Smart system, as it is an IT company entirely focused on the needs of retail customers. FDT’s business is developing, innovating, and maintaining mission-critical store solutions for their market.
Stefan Lebrot, CEO of Elon, comments:
“It is not sustainable that Elon and Elon Ljud & Bild with several chains have different store data systems. We see that one and the same owner of the systems can take the best from Smart and the best from FDT and thereby develop a modern system for the market. We feel it is also a development opportunity which can benefit Smart's other customers and their integrations with the system.”
Katarina Hökfors, Managing Director of FDT, comments:
“The acquisition of Smart will contribute to a faster and more efficient process in developing the POS system. And it will bring new chains to collaborate with. We are looking forward to further expansion in the Nordics and growth together with Elon.”
FDT
FDT is one of the market leaders in Sweden for retail solutions. Their software suite consists of Sellus, a modern cloud-based POS solution with the latest integrations for payments, and a web-based ERP. FDT is a subsidiary of Total Specific Solutions (TSS).
If you are an owner of a Vertical Market Software company and you would like to know more about joining TSS, please contact:
Martin Krey
M&A TSS Sweden
Phone: +46 702 552 907
Email: m.krey@tss-vms.com
www.fdt.se
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Elon, who recently merged with Electra Gruppen AB (publ), and FDT, have announced on 13 May 2022 that they had entered into a letter of intent regarding a potential sale and acquisition of the Smart POS system. On 1 July, Elon and FDT have successfully completed the sale. The Smart POS system has been owned, developed, and operated by Electra Gruppen since 2002. It has been designed specifically for specialist retailers, and approximately 200 stores are connected to the system. The system is used, in whole or partly, within Elon's four chain concepts and by six external chains.
One of the reasons for the transaction is to have a single owner, FDT, for both POS systems that Elon uses. FDT's POS system is currently used by stores connected to Elon's chain concept in Sweden and Norway, whereas Elon Ljud & Bild, Digitalbutikerna, RingUp stores, and Em home stores use the Smart POS system. Having one owner for both POS systems used within Elon's various chain concepts brings many benefits. FDT can now enable synergies for retailers who use multiple systems in their stores. And the software company can also bring new advantages to other customers of the Smart system, as it is an IT company entirely focused on the needs of retail customers. FDT’s business is developing, innovating, and maintaining mission-critical store solutions for their market.
Stefan Lebrot, CEO of Elon, comments:
“It is not sustainable that Elon and Elon Ljud & Bild with several chains have different store data systems. We see that one and the same owner of the systems can take the best from Smart and the best from FDT and thereby develop a modern system for the market. We feel it is also a development opportunity which can benefit Smart's other customers and their integrations with the system.”
Katarina Hökfors, Managing Director of FDT, comments:
“The acquisition of Smart will contribute to a faster and more efficient process in developing the POS system. And it will bring new chains to collaborate with. We are looking forward to further expansion in the Nordics and growth together with Elon.”
FDT
FDT is one of the market leaders in Sweden for retail solutions. Their software suite consists of Sellus, a modern cloud-based POS solution with the latest integrations for payments, and a web-based ERP. FDT is a subsidiary of Total Specific Solutions (TSS).
If you are an owner of a Vertical Market Software company and you would like to know more about joining TSS, please contact:
Martin Krey
M&A TSS Sweden
Phone: +46 702 552 907
Email: m.krey@tss-vms.com
www.fdt.se
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