We are excited to share the news about the sale of our portfolio company Crosser Technologies to Aveva, part of Schneider Electric. The best possible new home for the team and the technology platform. This is also a very strong outcome for Spintop Ventures and its investors.
Spintop has had an exciting eight years as an investor in Crosser, leading and co-leading a number of financing rounds. But, like Spintop’s partner Finn Persson emphasizes: an investor would be nothing without the stellar team who has worked very hard to make this happen.
This is an ultra-professional team who has built an enterprise business serving global customers and partnering with some of the most prominent data infrastructure players. Our warmest thanks to Martin Thunman, Uffe Björklund, Johan Jonzon, Göran Appelquist, and all the rest of the team members.
“The team at Crosser has done an amazing job bringing a cutting-edge technology platform to market and serving very demanding customers. This will be the perfect new home for Crosser to deliver value across a large global customer base”, says Crosser Chairman Finn Persson on behalf of the shareholders, including the founders, the employees, the investors Spintop Ventures, Industrifonden, 42Cap, Unlox, DoCoMo Ventures, Montan Ventures and ALMI Invest Mitt.
This is yet another proof of the strength of the Nordic tech scene – the third major acquisition in just a few months following Sana Labs (SE) and Consigli (NO). We are also pleased to see that European tech giants make acquisitions of strategic European technology.