LRF Konsult acquires Bokoredo.

Sweden M&A 20 August 2018
Share on FacebookShare on Twitter

LRF Konsult, a Stockholm, Sweden-based company providing advisory services for small and medium enterprises, announced getting into an agreement for the acquisition of Bokoredo. a fast-growing digital accounting agency with 600 customers and offices in Stockholm and Gothenburg.

The deal was made for 100% of the shares and has financial details undisclosed.

LRF Konsult, led by CEO Katarina Klingspor, offers accounting, payroll, tax, business advisory, law and property brokerage services. The company is partially owned by is partially owned by LRF, a Swedish farmers cooperative.

Bokoredo, founded in 2013 by CEO Peder Alberg, has developed a SAAS platform that is accessible via web or mobile. The company has an office in India, where it employs 80 people, and also has 22 employees in two offices in Sweden - in Stockholm and in Gothenburg. Bokoredo has about 600 customers which made for revenues of SEK 26M ($2.9M), with a profit of 5.2M in the 2017 fiscal year.

Prior to its acquisition, Bokoredo has raised about $800k, from investors including Jens Browaldh, Johan Blomquist and Klas Johansson.