Pressrelease

Aeternum Capital announces the sale of Legatech to Rapid Data

Oslo, 12 July 2023: Aeternum Capital (“Aeternum”), an alternative investment manager with a strategy to invest in public and private companies across the Nordic region, today announces the sale of its majority stake in Legatech, a leading provider of software solutions for the Norwegian and Swedish funeral industry, to Rapid Data (“Rapid”), Germany´s market-leading software provider for funeral homes and cemetery administrations. Financial terms of the transaction are not being disclosed.

Rapid will work closely with the management team of Legatech to continue the business’ support of existing customers in Norway and Sweden and to invest in new products and services.

Legatech Group provides software and digital solutions to help funeral homes to become more efficient and profitable. Legatech owns 100% of Bitnet, Adstate and Timecut, and through its operating companies serve more than thousand funeral homes in Scandinavia.

Since being acquired by Aeternum in 2021, Legatech has grown organically, expanded its product offering, and made several transformational acquisitions. Legatech is currently the clear market leader in Norway and Sweden.