Carlsquare advised the shareholders of Lector on its sale to Conex

Carlsquare advised Lector, the leading customs software platform in Denmark on its sale to Conex the French customs software market leader, a portfolio company of 21 Invest.

Lector is an innovative, scalable platform that simplifies customs processes, regulatory flows, and document management. Lector has a strong market position in Denmark and a diverse customer base, contributing to its consistent and solid growth.

Conex is the leading provider of customs and security management software in France and has been backed by 21 Invest France’s Fund VI since September 2023. With its long-standing expertise of almost 40 years, comprehensive solution range, and tailored offerings, Conex dominates the French market. The group already has an international presence with subsidiaries in Belgium, the UK, in Ireland and a commercial presence in Spain. The partnership with 21 Invest aims to accelerate Conex’s European growth.

Lector marks its first acquisition and allows Conex to further expand its European footprint and enhance its service offerings. The combined entity of Conex and Lector will broaden the geographical reach and value proposition for its customers.

Tue Villum Sørensen, CEO of Lector adds: “A big thanks to the team at Carlsquare who has guided us through the process of selecting the best possible partner for our future journey. We are delighted to join Conex and look forward to starting a new international chapter in Lector’s history, which we are confident will be to the benefit of all our customers.”

Carlsquare served as the exclusive financial advisor to the shareholders of Lector.