L5 Navigation, a portfolio company of Helix Kapital, acquires GeoFix

L5 Navigation Systems AB (“L5 Navigation”), a leading provider of high-precision machine control solutions and GNSS-technology, accelerates its growth journey through the acquisition of GeoFix AB, including its operations in Finland.

L5 Navigation has signed an agreement to acquire 100% of the shares in GeoFix AB as well as its operations in Finland. GeoFix is a leading online distributor of machine control systems and GNSS equipment in the Nordics. The acquisition will provide L5 Navigation with a strengthened online distribution channel and a wide range of complementary products, thereby creating a one-stop-shop offering towards its customers. The management of GeoFix, headed by Tomas Persson, will continue to lead the business and become a shareholder in the L5 group.

"GeoFix's goal is to be the leading supplier of surveying and measuring equipment in the Nordics. By joining forces with L5 Navigation, we can deliver an even better offering to our customers and partners. We will also be able to accelerate growth across the Nordics by becoming an integrated part of the L5 Group", says Tomas Persson, CEO of GeoFix AB.

"Through the acquisition of GeoFix, we further strengthen our position as the leading player within positioning systems, GNSS equipment and related products in the Nordics. We also get access to an established online distribution channel enabling accelerated growth in Sweden, Finland, and the rest of the Nordics", says Martin Lindgren, CEO of L5 Navigation.

Financial terms of the transaction are not disclosed.

Contact information:

Martin Lindgren, CEO L5 Navigation Systems

Mobile: +46 (0)72 528 99 97

E-mail: martin@l5navigation.com

About L5 Navigation:

L5 Navigation Systems AB is a company that develops and sells positioning solutions to customers in various industries. The company combines the best and most affordable products on the market to guarantee maximum customer value at the right price level. L5 Navigation is headquartered in Luleå, Sweden, with subsidiaries in Norway and Finland.

About Helix Kapital:

Helix Kapital is a Swedish investment fund that invests in profitable, high quality, small and medium sized companies in the Nordics. Helix targets companies with proven growth and development potential where Helix can act as partner to create long-term value.