Bruhn NewTech, the leading provider of CBRN knowledge management software, announces Adelis Equity as new majority shareholder. Adelis will, through Adelis Equity Partners Fund III AB, support Bruhn NewTech in its next stage of its growth and product development. Bruhn NewTech marks the first milestone in Adelis’ establishment of a company group of leading niche software companies to support the protection of people and societies.
Bruhn NewTech, the Danish provider of knowledge management software that increases societies readiness towards chemical, biological, radiological and nuclear (CBRN) threats, has announced Adelis Equity Partners (“Adelis”) as its new majority shareholder. Adelis will provide strategic support to Bruhn NewTech as a partner to the management team, led by Erik Juel Ellinghaus, and Chairman, Kristoffer Basse, and leverage its expertise in how to develop and scale software companies based in Northern Europe.
Bruhn NewTech is the world’s leading provider of CBRN knowledge management software, with over 30 years’ experience in its field. The company’s main purpose is to protect people from airborne threats, and it serves more than 80% of NATO forces and more than 40 countries worldwide. Furthermore, Bruhn NewTech’s software has enhanced the security related to airborne threats in public settings, such as the Olympic Games. The company is seeing increased demand from countries and organisations to increase its CBRN readiness and has grown by ~20% per annum in recent years.
“We are looking forward to the partnership with Adelis. They have an impressive background in supporting software companies to grow globally and we are excited to actively participate in the creation of a strong technology defence group. Furthermore, we are encouraged to see that they share our vision to make the world a safer place and better prepared for CBRN events”, say CEO Erik Juel Ellinghaus and Chairman Kristoffer Basse, who will both remain shareholders in the company.
Continued growth and development of its offering
Through the partnership with Adelis, Bruhn NewTech will continue its growth journey and support more countries and societies in their efforts to protect their citizens. With the support from Adelis, Bruhn NewTech will continue to enhance its software to increase the capabilities of its current and future customers when it comes to CBRN readiness.
“We are impressed by Bruhn NewTech’s position within the niche of CBRN related software. Through persistency over the years, Erik and his team have established Bruhn NewTech as the clear global leader in their field of expertise. We are excited to support Bruhn NewTech to further enhance its product and offering to help them protect societies and people across the world”, say Hampus Nestius and Joel Russ at Adelis.
The first milestone in Adelis’ establishment of a defense software group
Adelis aspires to support Western and democratic countries to protect people and societies, as well as to support small- to mid-sized defense companies to scale and develop. The acquisition of Bruhn NewTech marks Adelis’ first investment in its recently established defense technology group that will consist of leading niche software and technology companies focused on the defense sector.
The transaction closed on June 28th, after having received applicable regulatory approvals. Financial terms of the transaction were not disclosed.
For further information:
Kristoffer Basse, Bruhn Newtech: kb@newtech.dk
Hampus Nestius, Adelis Equity Partners: hampus.nestius@adelisequity.com
Joel Russ, Adelis Equity Partners: joel.russ@adelisequity.com
About Bruhn NewTech
Bruhn NewTech exists to increase the number of people protected from airborne threats. One human life at a time. With more than 30 years of experience with CBRN software solutions, Bruhn NewTech supplies civil authorities and more than 80% of NATO forces in more than 40 countries worldwide with proven and lifesaving CBRN knowledge management software. For more information, please visit www.bruhn-newtech.com.
About Adelis Equity Partners
Adelis is a growth partner for well-positioned companies in the Nordic and DACH regions. Adelis partners with management and/or owners to build businesses in growth segments and with strong market positions. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, making 41 platform investments and more than 230 add-on acquisitions. Adelis manages approximately €3.0 billion in capital. For more information, please visit www.adelisequity.com.
