Techstep ASA

M&A Activity • Apr 22, 2024

Techstep expands its rugged device and services business through strategic partnership with Consafe Logistics

Techstep expands its rugged device and services business through strategic partnership with Consafe Logistics

Techstep has today signed a strategic partner agreement with Consafe Logistics

to assume control over their hardware division specialised in rugged devices.

The collaboration allows Techstep to broaden its mobile devices solutions and

services, while extending its reach into new and existing markets.

Consafe Logistics is a leading supply chain technology company, designing

warehouse management system and warehouse control system (WMS & WCS) to more

than 250 customers across various industries. Headquartered in Sweden, the

company has a footprint in more than 30 countries, including Scandinavia,

Poland, and the Benelux region. Consafe Logistics has decided to wind-down its

hardware sales business, including related support services, to focus solely on

supply chain software design.

Under the agreement, Techstep assumes responsibility for servicing approximately

130 existing customers and facilitating new device sales previously managed by

Consafe Logistics. This includes 10,000 active devices and service agreements

for ~2,200 devices. The hardware and services business represents an average

yearly revenue of SEK 45-55 million the last three years, with a potential to

deliver more capabilities and services from the Techstep portfolio. The

transition of services and customers to Techstep is free of charge, while

Consafe Logistics retains the right to a commission from hardware sales for a

limited time.

"Partnering with Techstep allows us to extend our commitment to innovation and

customer experience by offering a broader range of hardware solutions backed by

Techstep's expertise. This strategic move underscores our commitment to meeting

our customers' evolving needs with smart, sustainable logistics solutions" says

Patrik Olsson, COO of Consafe Logistics.

"This partnership fortifies Techstep's already strong position within rugged and

production critical mobility. We look forward to leveraging our expertise in

managed mobility for frontline workers to cater Consafe Logistics' customers,

addressing their requirements for reliable mobile devices and accessories", says

Morten Meier, CEO of Techstep.

The transition of services and customers from Consafe Logistics to Techstep will

be effective from 1 May 2024.

Further information from:

Morten Meier, CEO, Techstep ASA, tel: +47 970 57 717

Consafe Logistics AB

Consafe Logistics is a software product company. They design a warehouse

management system and warehouse control system (WMS & WCS) that make warehouse

operations of logistics and supply chain companies smarter, more effective, and

thus more sustainable. The Consafe Logistics Group has 470+ employees who

support their global clients from seven European countries - Belgium, Denmark,

Finland, The Netherlands, Norway, Poland, and Sweden. Consafe Logistics

headquarters is located in Lund, Sweden. The company is part of the JCE Group, a

family-owned international investment company.

About Techstep ASA

Techstep is a mobile technology company, enabling organisations to perform

smartly, securely, and sustainably by combining mobile devices, software and

expertise to meet customers' business and ESG goals. We are a leading provider

of managed mobility services in Europe, serving more than 2 100 customers in

Europe with an annual revenue of NOK 1.1 billion in 2023. The company is listed

on the Oslo Stock Exchange under the ticker TECH. To learn more, please

visit www.techstep.io.