Tacton Systems AB (“Tacton” or the “Company”), a world leader in sales and product configuration for the manufacturing sector, today announced a transaction whereby an investor consortium consisting of software focused private equity fund GRO Capital and family investment company KIRK KAPITAL has acquired a majority stake in Tacton by acquisition of existing shares and a capital injection in the company to fund growth initiatives.
The funds raised will enable Tacton to further accelerate its global market expansion. Tacton will also leverage the investment to support the recruitment and on-boarding of new staff to boost the continued development of its ground-breaking CPQ (Configure Price Quote) solution including Design Automation and 3D visualization. Tacton is headquartered in Stockholm, Sweden, with customers and resellers across the globe.
The transaction is expected to close during the fourth quarter of 2017. The parties have agreed not to disclose the terms of the transaction.