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Home › Media › Releases 2004 › CapMan acquires Locus AS, the leading Norwegian Fleet Management System provider

Press release - 17 August 2004

CapMan acquires Locus AS, the leading Norwegian Fleet Management System provider

The funds managed/advised by CapMan acquire Locus AS from Locus Holding ASA. Locus develops and provides systems for efficient management of fleets of vehicles and/or mobile users.

Locus is a developer and provider of integration, software and systems for efficient management of fleets of vehicles and/or mobile users. It is specialized in Fleet Management Systems (FMS) and Command and Control Information Systems (C2IS). To meet different customer needs Locus supplies tailored end-to-end solutions, offered through a few software components with a number of add-on modules. Locus operates in two key market segments, which are public safety and transport.

“Locus has a dominant market position in its both key market segments in Norway. In addition, we are now targeting the rest of the Nordic and European markets. CapMan’s acquisition will further strengthen our financial base and therefore give us good abilities to carry out our expansion strategy,” says Arne Harry Pettersen, CEO of Locus AS. “The Nordic region is ideally suited to FMS solutions due to the complex geography and fleet utilization challenges,” Arne Harry Pettersen continues.

“CapMan is impressed by the company’s performance and market position. Locus has an interesting product portfolio in fleet management systems within public safety and transport. Further more, Locus has a strong customer base. We believe Locus is well positioned for further growth both in Norway and the other Nordic countries and we look forward to contribute to the development of the company on a Nordic basis,” says CapMan’s Investment Director Erik Berger.

Locus is CapMan’s first Norwegian technology investment after company’s expansion to Norway in spring 2004.

For additional information, please contact:
Erik Berger, Investment Director, CapMan Technology Business Unit, telephone +47 23 23 75 70
Arne Harry Pettersen, CEO, Locus AS, telephone +47 911 030 58

CapMan Group
CapMan is one of the leading private equity investors in the Nordic countries and specialises in mid-sized buyouts in various industry sectors, technology investments in the IT and telecommunications sectors and investments in life science companies. The CapMan team comprises around 80 people in Helsinki, Stockholm, Copenhagen and Oslo. CapMan manages/advises funds with approx. EUR 1.83 billion in total capital, of which approx. EUR 570 million is managed/advised by the affiliated company Access Capital Partners, which invests in European private equity funds. To date, the funds managed by CapMan have invested in 142 companies in the Nordic countries and exited from 66 companies. The latest investments are made in Swedish InDex Pharmaceuticals AB, Norwegian EuroProcessing International ASA, Danish Anhydro Group and Finnish Solid Information Technology Oy. CapMan Plc is listed on the Main List of the Helsinki Stock Exchange.

Locus AS
Locus AS is a developer and provider of integration software and systems of efficient management of fleets of vehicles/mobile users. It is specialized in Fleet Management systems (FMS) and Command and Control Information Systems (C2IS) in its two key market segments, which are Public Safety and Transport. The company was founded in 1991. The founders are still part of the current management team. Locus has 35 employees in Sandefjord and Oslo. Locus’ net sales for financial year 2003 amounted to EUR 4,3 million (35 MNOK) .

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