Xllnc adds Norvestor as owner in the company.

Xllnc, a Växjö, Sweden-based supplier of IT lifecycle management solutions for large corporations, announced getting into an agreement, announced getting into an investment agreement with Norvestor.

The deal, which has the financial details undisclosed, was made with Norvestor's fund, Norvestor VII, L.P. managed by Norvestor Equity AS, which has acquired 55% of the shares in Xllnc Nordic AB. The management and employees will hold the remaining shares and Christer Wallberg was appointed Chairman of the Board for the Xllnc Group.

Xllnc, founded in 1993 and led by CEO Martin Backman, is a supplier of IT lifecycle management solutions for large corporations in the Nordics. The Company’s core solution is its “device-as-a-service” offering, helping organisations evaluate their IT needs, plans, procurement and finance in addition to configuring IT equipment. Additional services include monitoring and managing corporate IT assets such as PCs, tablets and mobile phones throughout their lifecycle, including support and logistics.

Xllnc is headquarted in Växjö, Sweden, with c. 200 employees. The Company had revenues of c. SEK 1,300 million in 2018.