Copenhagen, Denmark-based private equity firm focusing on mid-market companies Axcel is to buy Lessor Group, an Allerød, Denmark-based specialist in IT-based payroll and HR systems through its two brands Lessor and Danløn.
The amount of the deal, which is
subject to the approval of the competition authorities, was not disclosed.
The investment is designed to help Lessor to grow organically, via geographical expansion, increased investments in product development and via acquisition opportunities.
Founded by the Fich family in 1972 and led by CEO Henrik Fich, Lessor Group provides small, medium-sized and large companies with IT solutions for payroll, time and attendance, shift scheduling and HR. Today, more than 45,000 Danish and 1,500 international
companies use the Group’s solutions.
Following the deal, it will remain independent.