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Infobric at a glance
Infobric is a construction software company with the purpose of enabling a safe, resource-efficient, and sustainable construction industry. The company offers end-to-end construction software for workforce-, contractor-, equipment- and asset-management. The company was founded in 2004 and has become the market leader in Sweden, Norway, and the UK by delivering high-quality solutions. Infobric has also started to build a presence in several other countries.
- Year acquired
- 2019
- Revenue
- EUR 62m
- Location
- Sweden
- Employees
- 310
- Website
- https://infobric.no
- Investment theme
- Tech-Enabled Resilience
What are the challenges Infobric addresses
-
> 20%
of all fatal accidents at work in the EU occurs in the construction industry
-
1%
productivity growth in construction sector in last two decades is lowest among all industries
How does Infobric help?
Reality today
The construction industry is defined by high rates of workplace accidents, limited labor rights, and slow growth and low efficiency compared to other industries.
Infobric approach
Infobric’s digital solutions radically improve the management of construction workers and equipment, helping reduce workplace accidents, fraud, and undocumented labor, while contributing to drive environmental impact for customers.
Aspirational future
The construction industry is safe and supportive for workers, sustainable for the environment, and free of fraud with a higher degree of productivity.
Who is impacted?
Construction workers, including full-time and contract labor, are protected when companies use Infobric’s solutions. Society at large also benefits as the construction industry adopts less fraudulent and more sustainable practices.
Contribution
As one the most prominent players within construction tech in Northern Europe, Infobric is uniquely positioned to support the transition in the construction industry towards safety, efficiency, and sustainability.
Risks
Infobric manages personal data, making safeguarding data privacy and security paramount. While unlikely, the illicit use and back-solving of the software are potential scenarios for non-compliance with legislation.
SDG alignments
Press release
Summa Equity announces the sale of its majority stake in Infobric to Stirling Square
Stockholm, 21th June 2023: Summa Equity, a purpose-driven thematic investment firm, today announces the sale of its majority stake in Infobric, a leading provider of software solutions for the European construction industry, to Stirling Square Capital Partners (“Stirling Square”) a pan-European mid-market private equity firm.