Digpro sells majority of the company to Litorina and Zobito, looks to expand in new markets.

Digpro, a Stockholm, Sweden-based company providing geographic information systems to network companies and municipalities, announced getting two new investors to further fuel the growth of the company, with an increased focus on sales and marketing efforts in new markets.

The deal, which has the financial details undisclosed, was made with private equity companies Litorina, which will held the majority package, and Zobito, which will be a minority investor.

The company’s management team and former main owners, including the founders Bo Lundgren, Svante Mjörne and Per Westberg, will remain as sizable minority owners.

Digpro, founded in 1989 and led by CEO Bo Lundgren, offers a fully proprietary system for its customers, which enables detailed network documentation and support for critical internal processes.

The company has grown to a turnover of more than SEK 100M ($12M) in the last fiscal year with good profitability. The company has historically focused on the Swedish market where it offers solutions for network owners within the electricity, district heating, water and wastewater, gas and telecom markets as well as solutions for municipalities.

Digpro has over 130 customers, whereof the majority of these customers comprise of electricity network owners, including leading players in Sweden such as E.ON, Göteborg Energi and Kraftringen.