Observed Signal · Sep 7, 2026 · Market Signal · Source: Formica Capital · Impact: 4/5
Formica Capital establishes CodeIT Group – a new platform within industrial automation software
Formica Capital has, through the acquisition of CodeIT AS, CodeIT AB and CodeIT Innovation AS, established CodeIT Group, a leading Nordic industrial automation software specialist. Together with existing management and employees, Formica will support the group’s next growth phase through organic initiatives and selected strategic acquisitions.
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Connected Companies & Entities
1 Entity mappedRelated Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
Main Capital Partners to acquire Nordic vertical software group Confirma Software
Main Capital Partners and Confirma Software (“Confirma"), a Nordic vertical software platform, are pleased to announce that Main has signed an agreement to acquire a majority stake in the company from US-based private equity firm Abry Partners.
Flex IT and T1A Combine to Create €150M Circular IT Platform
Flex IT and T1A Group have completed their combination, forming a European circular IT platform with approximately €150 million in revenue. T1A, founded in Denmark in 2001, specializes in collecting corporate IT equipment for certified data erasure and refurbishment. Flex IT, founded in 1991 and based in the Netherlands, distributes new and refurbished IT hardware across Europe through a network of about 13,000 resellers and operates certified refurbishment facilities in Poland. The combined group now offers end-to-end lifecycle management, from device collection to resale. The transaction is backed by Eurazeo's Planetary Boundaries Fund, which acquired a majority stake in T1A in May 2026 and funded the acquisition of Flex IT with support from Dansk Vækstkapital. Angelo Bul becomes CEO of the combined group, while Peter Hemicke becomes Executive Chairman.
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