Ørn Software has now acquired the Tromsø-based software company Facilit, thus gaining an impressive portfolio of new customers in the public sector.
“Facilit has had impressive results and fits the Ørn portfolio perfectly. This acquisition strengthens our position nationally in the Facility Management field,” says Ørn Software’s CEO Sten-Roger Karlsen.
The acquisition gives Ørn Software a 39% share of the Norwegian facility management market. The acquisition also provides Ørn with 12 highly skilled employees in Tromsø and Tønsberg. Globally, this is a rapidly-expanding business area, and even better systems for sustainable management, operations, maintenance and development of property will be required in the future.
“Facility Management (FM) lies at the core of real estate management. To run an efficient operation these days, you need an FM system that is adapted to your needs and lets you collaborate across professions, roles, and systems,” Karlsen says.
Impressed by Facilit
Karlsen is impressed by what his new colleagues have achieved and believes that the companies complement each other well.
“Facilit has developed flexible and modern software that has been well received in their part of the market. Over the years, they have seen a good growth in both turnover and customers. Their churn is almost non-existent, which indicates that their customers are satisfied. Facilit has been successful in markets where Ørn has so far had a relatively small presence, such as Norwegian municipalities and counties. So, market-wise we complement each other very well,” says Karlsen.
“We are thrilled to now become a part of Ørn Software, which we consider an ambitious and innovative company. We are proud of what we have created, and we look forward to Facilit’s future journey as a product,” says Stein-Are Engstad, CEO of Facilit.
At the end of 2020, Facilit had an annual recurring revenue (ARR) of NOK 15 million. Ørn Software’s ARR at the end of 2020 was NOK 107 million, after having grown 73% annually in the period 2017-2020.
Ørn Software is the country’s leading software company, with solutions for efficient asset operations and maintenance across a wide range of industries, including real estate, manufacturing and aquaculture. Ørn Software has enjoyed formidable growth in recent years, with Skistar, Bane NOR and Norwegian health trusts among its many customers. In addition, over 50 aquaculture companies in Norway rely on Ørn Software. The company aims to become the leader in the Nordic market.
“Although we have now set our sights on Europe, it’s still important for us to continue to gain market share in our domestic market. And that’s exactly what we’re doing through this strategic acquisition,” says Karlsen.
He indicates that there are more acquisitions to come: “We see very good opportunities for value creation by continuing our aggressive acquisition strategy. Facilit is the fifth company we have acquired in the past year. In addition, we also have significant organic growth.
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Facts about Facilit:
- Facility Management AS (Facilit) was established in 1999 and had a turnover of NOK 17 million in 2020. The company has 12 employees in Tromsø and Tønsberg and 174 customers. Facilit develops software for facility management, with customers in many industries across Norway.
Facts about Ørn Software:
- Ørn Software recently changed its name from View and is the country’s leading software company, with solutions that provide efficient operations and maintenance in a wide variety of industries, including real estate, manufacturing and aquaculture.
- More than 1,200 companies and almost 190,000 employees use our different SaaS-offerings every day, including a number of the biggest industrial and property management firms in the country.
- Offices in Trondheim, Bergen, Oslo, Moss, Florø, Tromsø, Tønsberg, Reykjavik, Copenhagen and Ängelholm.