Pioneer software provider in intermodal logistics PICit has been sold to Arcadea

July 2024 — PICit, a Danish SaaS powerhouse in information management solutions for intermodal logistics, has been acquired by Arcadea Group.

PICit’s 40+ employees provide a shared real-time information platform called Practical Intermodal Communication (PIC), which binds all transport parties together in an information network and creates a community. PICit offers a scalable and modular solution that spans the entire value chain, from terminal operating systems (TOS), rail software, goods transport systems (GTS) and customs systems to warehouse management systems (WMS) and more—all helping to coordinate and optimize the movement of logistics in real time. Through system-to-system integration, PICit ensures end-to-end connectivity across both internal and external systems.

Arcadea Group invests in high-quality, high-growth, typically founder-led vertical software companies over extremely long periods. With offices in Canada and the USA, and portfolio companies in North America, Europe and Australasia, Arcadea maintains a global investment purview.

Our role in the transaction

Oaklins’ team in Denmark was engaged by the owners of PICit as the strategic and financial advisor in this transaction.

Service

M&A sell-side

Parties

“We are incredibly satisfied with the outcome of this transaction. Oaklins’ Danish team skillfully orchestrated a highly competitive process, which resulted in over 10 high-quality bids and ultimately in an attractive outcome. Most importantly, they helped us find a long-term partner in Arcadea Group, securing a stable future for our loyal customer base and creating significant growth opportunities for our employees. Oaklins’ commitment and expertise were instrumental throughout this process.”

Henrik Højen Andersen

CEO and co-owner, PICit

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Kim Harpøth Jespersen

Managing Partner

Copenhagen, Denmark
Oaklins Beierholm

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Anders Midtgaard

Manager

Copenhagen, Denmark
Oaklins Beierholm

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