Co-native is a Swedish cloud services group established in 2022, with the ambition to build a leading Nordic multi-brand portfolio of independent cloud specialists with supporting service offerings through an active buy-and-build agenda.
The current platform consists of Xenit, a leading Microsoft Azure-focused cloud specialist offering digital transformation services. Gothenburg-based Xenit was founded in 2009, achieved revenues of SEK 106m in 2021 through c. 80 employees and is fully owned by Co-native. Xenit has evolved from a cloud consultancy firm to having a unique subscription-based service portfolio that now accounts for the majority of revenues.
Segulah Fund VI acquired a significant shareholding in Co-native in July 2022, teaming up with a strong operational team including its founders Linus Lindström, Robin Kindberg and Executive Chairman Fredrik Arnander as well as Xenit employees as joint owners of the group.
Fund:
Segulah VI
Sector:
IT/Teknologi
Acquisition:
2022
Turnover:
SEK ~100m
Employees:
c. 80
CEO:
Linus Lindström
Chairman:
Fredrik Arnander
Board members:
Percy Calissendorff
Johan Möllerström
Robin Kindberg
Ownership:
42% via Segulah VI
Website:
www.co-native.com
| Name | Fund | Sector | Acquisition | Exit |
|---|---|---|---|---|
| Wilkenson Handskmakar´n | AB Segulah | Retail | 1994 | 1997 |
| Byggfakta Scandinavia | AB Segulah | Information services | 1996 | 1998 |
| EKH Ekonomihuset | Segulah I | Pension trusts | 1997 | 1999 |
| Modul-System | Segulah I | Vehicle interior fittings | 1999 | 2002 |
| Teli Service | Segulah I | Repair & logistic services | 1997 | 2002 |
| CCS, Clean Chemical | Segulah II | Skin- and eye care | 2003 | 2004 |
| EEN | Segulah I | Music & entertainment | 1999 | 2004 |
| Norfoods | Segulah II | Food | 2000 | 2004 |
| NVS Installation | Segulah II | HVAC installation | 2002 | 2006 |
| Previa | Segulah II | Occupational health | 2004 | 2007 |
| HMS Industrial Networks | Segulah II | Communication technology | 2004 | 2007 |
| Callenberg Group | Segulah II | Marine electronics | 2001 | 2008 |
| Kosan Crisplant | Segulah II | LPG supplies | 2004 | 2008 |
| Isaberg Rapid | Segulah III | Office supplies | 2007 | 2009 |
| Joy | Segulah III | Retail | 2006 | 2009 |
| NEA-gruppen | Segulah III | Electrical installation | 2006 | 2010 |
| Skandinavisk Kommunalteknik | Segulah III | Sewage systems | 2008 | 2011 |
| Exotic Snacks | Segulah III | Food | 2008 | 2011 |
| InfoCare | Segulah II | Electrical repair | 2004 | 2012 |
| Medstop | Segulah IV | Pharmacies | 2010 | 2013 |
| Scan Coin | Segulah IV | Cash handling | 2010 | 2015 |
| Almondy | Segulah III | Confectionery | 2008 | 2015 |
| S:t Eriks | Segulah III | Building products | 2005 | 2015 |
| PMC Group | Segulah III | Hydraulics | 2005 | 2015 |
| eTRAVELi | Segulah IV | IT/Technology | 2010 | 2015 |
| Kemetyl | Segulah III | Chemicals | 2007 | 2016 |
| Oglaend Industries | Segulah IV | Manufacturing & Industrial Goods | 2014 | 2017 |
| Docu Nordic | Segulah IV | B2B | 2014 | 2017 |
| Teknikmagasinet | Segulah V | Retail | 2015 | 2018 |
| Zengun | Segulah V | Construction | 2016 | 2019 |
| Mitt i | Segulah IV | Media | 2014 | 2019 |
| CCS Healthcare | Segulah IV | Healthcare | 2011 | 2019 |
| Gunnebo Industrier | Segulah III, Segulah IV | Industrial | 2008 | 2019 |
| Sandbäckens | Segulah V | B2B Services | 2016 | 2021 |
| Balco | Segulah IV | Manufacturing & Industrial Goods | 2010 | 2021 |
| Conapto | Segulah V | IT/Technology | 2018 | 2021 |
| Semantix | Segulah V | B2B Services | 2015 | 2021 |
| NVBS Rail | Segulah V | B2B Services | 2020 | 2022 |
