Netset becomes a part of Progrits

Netset, the leading provider of B2B e-commerce solutions for the IT- and telecom industry, is now a part of the Nordic software group Progrits. The acquisition implicates great opportunities for both the company and the group in terms of growth on an international market.

As of the 9th of June, 2021, Netset AB is a wholly owned subsidiary within the Nordic software group Progrits. Netset’s solutions are used by over 600 IT resellers in Europe and the USA. The customer base primarily consists of Nordic companies, e.g., ATEA, Advania, Telia Company and TietoEvery, with a growing number of companies in the UK, Continental Europe and the US. The acquisition will now further strengthen Netset internationally. – We are well established on the Swedish and Nordic markets, with a number of customers in the rest of Europe and in the US. As a part of Progrits we will be able to accelerate the international expansion, says Jens Rosberg, CEO at Netset.

Netset is the market leading developer and supplier of e-commerce solutions to B2B companies in the IT- and telecom industry. The customer base is diversified, both geographically as well as in terms of company sizes, covering a span from small and medium-sized companies to multimarket and global enterprises. To ensure further and faster growth Netset realized the need of additional competencies and resources, something that they found in Progrits.

– It is very exciting to become a part of Progrits, especially since our company cultures is a very good match. The acquisition is important for the continuing development of Netset and the Netset offering, and it is really inspiring for both previous shareholders as well as all personnel to be a part of Progrits’ journey, says Jens Rosberg.

Progrits is a group of B2B oriented software companies, active in three segments: Travel, Automotive and E-commerce/Logistics. The group employs 190 co-workers, with a turnover of approximately 260 MSEK. The acquisition is strategically important for Progrits. Netset brings know-how, experience and products that strengthens the group for further growth.

– It immediately became clear to us that Netset holds a strong product and company culture. We see great potential in the possibilities and competencies that they bring into the group. Netset will play an important role in our ambitions for the group’s further international expansion, says Björn Ekström, Group CEO of Progrits.

Thomas Hellgren Invest AB is a shareholder of Progrits AB and Progrits is a valuable asset in the portfolio.