Helix Kapital partners up with L5 Navigation Systems AB, a leading company within high-precision machine control and surveying systems, to support their continued growth journey. L5’s founders and shareholders will together with Helix accelerate the company’s expansion globally.
L5 Navigation Systems has successfully combined system design and execution with proprietary hardware and software. The company's customers are construction companies, authorities and technology companies in the Nordic region and beyond. The company currently has 30 employees with headquarters in Luleå and subsidiaries in Norway and Finland.
"L5 Navigation Systems was founded in 2013 with the aim of developing and offering the next generation of positioning systems for advanced control of specialized and construction machinery. Today, we have established ourselves as a leading player in the Nordic region in systems for earth-moving machines and a leading international player in positioning systems for special machines such as drilling rigs. With Helix Kapital as an owner partner, we see good opportunities to continue our growth journey through investments in both current and new geographic markets, both organically and through acquisitions," says Martin Lindgren, co-founder and CEO of L5 Navigation System.
The terms of the transaction are not disclosed.
Contact details:
Martin Lindgren, CEO
Mobile: +46 (0)72 528 99 97
Joakim Karlsson, Partner
Mobile: +46 (0)73 390 44 35
About L5 Navigation:
L5 Navigation Systems AB is a company that develops and sells positioning solutions for customers in various industries. The company's deep expertise in machine control and GNSS measurement provides the opportunity to combine the best and most affordable solutions on the market, thus creating maximum customer benefit at the right price. The company has its headquarters in Luleå. See www.l5navigation.se for further information.
About Helix Kapital:
Helix is a Swedish growth-oriented investment company that invests in unlisted small companies in the Nordic region. Helix Kapital seeks businesses with proven and profitable business models, regardless of industry. See www.helixkapital.se for further information.