Ørn Software acquires Facilit
Ørn Software acquires the Tromsø-based software company Facilit.
Facilit is a developer and provider of facility management software and has a strong foothold in the public sector. Stein-Are Engstad, CEO of Facilit states: “We are thrilled to now become a part of Ørn Software, which we consider an ambitious and innovative company”. The acquisition gives Ørn Software a 39% share of the Norwegian facility management market. 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.
Saga Corporate Finance acted as exclusive advisor to the shareholders of Facilit (Facility Management AS) on its sale to Ørn Software.