Press release -
SaaS company NEXT accelerates its expansion and acquires fast growing Norwegian Checkd. Together they form the most complete cloud-based business system for the construction industry.
Next One Technology, with market leading business system NEXT, acquires fast growing Norwegian SaaS company Checkd and their software for inspections and quality controls at construction sites. The merge enables construction and maintenace companies to get a complete, flexible and mobile business and project management system, while securing compliance of security and quality.
- ”We’re pleased to merge with Checkd”, says Gunilla Åberg, CEO at NEXT. ”They have grown quickly in Norway and we see great possibilities to grow together both within the Nordics and in Europe. Our joint solution should be the natural choice for European construction and maintenance companies that want a professional, modern och industry-specific business and project system”, she continues.
Checkd develops and markets a user-friendly, cloud based system for inspections, case management and quality controls at construction sites. The mobile solution makes it easier and more efficient to communicate and document at construction sites, which leads to better control and follow-up.
- "We've seen an increased demand for solutions that support mobile ways of working. People want to collect all data at the sites. It makes it more time efficient and also easier to be compliant with the industry's regulations on security, work environment and quality. By integrating Checkd to our NEXT platform we can offer both current and new customers a complete solution", says Gunilla Åberg.
- "By merging with NEXT we can integrate Checkd with a larger platform and can reach a broader market faster", says Tom-Erik von Krogh Martinsen, founder and CEO at Checkd. "We will be a part of a larger organisation with a broader customer base. It enables us to expand faster and give our customers an even better solution".
Growth investor Monterro is majority owner of NEXT since 2019 and has a long experience from developing and expanding B2B software companies globally. Monterro established an office in Norway earlier this year to support Norwegian software businesses to expand abroad.
- "We're pleased to see the merge of NEXT and Checkd. They complement each other well and will have a strong position to expand both within and outside the Nordic region", says Gustav Lagercrantz, Chairman of the board at NEXT and CEO at Monterro. "We look forward to supporting them at their continued growth journey", he continues.
The management at Checkd will be part owners of the new joint company.
For more information, please contact:
Gunilla Åberg, CEO Next One Technology, +46 70 512 61 66 firstname.lastname@example.org
Tom-Erik von Krogh Martinsen, founder and CEO, Checkd +47 450 20 201 email@example.com
Gustav Lagercrantz,Chairman of the Board at NEXT and CEO at Monterro, +46 70-734 74 11 firstname.lastname@example.org
Monterro is the leading B2B software investor in the Nordics, with a mission to turn Nordic software companies into market leaders and global players within their niches. Our team has successfully developed and led companies such as Pointsec, Episerver and Orc Software – and we bring this operational experience to the Monterro portfolio, supporting the companies in all aspects of growth. We also bring significant financial commitment to our partnerships, with 30% of capital coming from our partners and employees.