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RELEX secures €20m investment from Summit Partners

Supply chain software provider RELEX Solutions has secured a €20m minority investment from global growth equity firm Summit Partners.

The investment will support its continued international expansion and a key push into the North American market later this year.

RELEX’s founders, Mikko Kärkkäinen, Johanna Småros and Michael Falck, will continue in their senior management roles and remain majority owners of the company.

RELEX’s technology helps retailers, wholesalers and manufacturers automate and optimise their supply chains, cut spoilage, reduce inventory and boost on- shelf availability.

U.S and Europe-based Summit Partners has extensive experience supporting the international growth of disruptive enterprise software companies.

This is Summit’s first investment in a Finnish company, which also has offices in EC4, and the first equity investment RELEX has accepted.

Summit Partners London-based managing director Han Sikkens, said: “We look for businesses with the potential to become global leaders in their sectors.

“RELEX offers outstanding proprietary technology and impressive results; it’s quick to implement, generates a rapid ROI to its customers and is steered by a talented management team whose values and growth strategy we fully support.

RELEX group CEO Mikko Kärkkäinen added: “Putting the customer first, offering a transparent, honest partnership, and remaining R&D driven so our customers will always get cutting edge tools, is absolutely the basis of our success —and we’re confident that this approach will be well-received by North American retailers, wholesalers and manufacturing companies, who face the same challenges as their European counterparts.”

Since its launch in 2005 RELEX has expanded organically and now operates in 17 countries across Europe and Africa.

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