In a press release, the Danish capital fund LD Equity has announced the acquisition of a majority shareholding in Unwire, a leading Copenhagen-based supplier of mobile platforms for the Nordic market. The reported aim is to strengthen the company with a view to further international expansion. Details of the deal have not been disclosed, but according to financial daily newspaper Børsen, LD Equity has taken an approx. 60% share in Unwire costing around DKK 80 m (USD 15.9 m).
Jacob Aisen, the founder of Unwire, comments: "LD Equity is a particularly attractive co-owner, which can supply not only capital for growth but also use its network to attract the right executives to the company and board." "With LD Equity as a co-owner, Unwire can strengthen its position on the domestic market and seriously gear up the organisation for a targeted international effort."
As a significant step in this direction, Unwire has acquired the services of Peter Bredgaard, a former director of telecompany Telia, as its new managing director. "I am very impressed with the position that Unwire has achieved in the Nordic region through a good business concept, committed leadership and engaged staff" says Bredgaard, who adds "I am convinced that together we can make the best of Unwire's great potential."
In recent times Unwire has won several awards, including the E-trade prize in 2006 for the best B2B solutions, and today the company has one of the strongest product portfolios on the market. Last year Unwire generated revenues of over DKK 100 m (USD 19.9 m) and an EBITDA of DKK 11 m (USD 2.2 m). This year both revenues and earnings are up 15-20% and the number of staff has increased from around 40 last year to over 70 this year.