At what enterprise value was ONGOING WAREHOUSE acquired in 2026?

You can find the full valuation details of ONGOING WAREHOUSE on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ONGOING WAREHOUSE when it was acquired by CINVEN?

The exact EV/EBITDA multiple for ONGOING WAREHOUSE is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.3x. Join our community for free to access full valuation data and industry trends.

When was ONGOING WAREHOUSE acquired by CINVEN?

ONGOING WAREHOUSE was acquired by CINVEN in 2026.

What was the revenue of ONGOING WAREHOUSE at the time of the deal?

The revenue of ONGOING WAREHOUSE at the time of the deal is estimated to be in the range of 100M - 200M SEK. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the ONGOING WAREHOUSE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ONGOING WAREHOUSE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cinven.com/news-insights/cinven-to-invest-in-ongoing-warehouse-alongside-founders/

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Home Database TMT (Tech, Media, Telecom)ONGOING WAREHOUSE

05/2026

ONGOING WAREHOUSE acquired by CINVEN

SWEDEN IT Services / Infrastructure & Cloud REV 100M - 200M SEK

Context

International private equity firm Cinven has agreed to make a significant investment in Ongoing Warehouse, a leading provider of cloud-native WMS solutions. The transaction represents a partnership, as the company's co-founders, Henrik Ekman and Gerhard Guron, along with CEO Fredrik Einarsson, will remain significant shareholders and continue to lead the business. Cinven's investment thesis is built on several key factors. The firm identified Ongoing as operating in a high-growth segment supported by durable, long-term tailwinds, specifically the continued shift from legacy systems to specialized, cloud-based warehouse management solutions. Cinven was also attracted to Ongoing's strong track record of organic growth, which is underpinned by a predictable, recurring revenue model and high customer retention, offering both visibility and downside protection. The software's business-critical nature, being deeply embedded in customers' daily operations, results in high customer satisfaction and loyalty. With Cinven's support, the go-forward strategy includes accelerating growth in the Nordics, pursuing international expansion, and leveraging AI to enhance automation and optimization. This deal marks the third investment from Cinven’s new mid-market strategy, which focuses on areas aligned with the firm's core sector strengths.

ONGOING WAREHOUSE, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.3x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Ongoing Warehouse is a premier Nordic provider of cloud-native Warehouse Management System (WMS) solutions, specifically engineered to optimize logistics-intensive operations for third-party logistics (3PL) providers and self-distributing enterprises. The company’s platform serves as a mission-critical system of record, offering real-time inventory synchronization, automated goods management, and advanced supply chain analytics through a highly scalable SaaS architecture. By prioritizing ease of use alongside deep functional flexibility, the entity has secured a dominant market position within the mid-market logistics technology stack. The business model is characterized by high recurring revenue visibility and exceptional customer retention rates, underpinned by the software’s essential role in daily warehouse workflows. Strategically, the organization is poised to capture significant value from the ongoing digital transformation of the logistics sector and the integration of AI-driven automation.

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REFERENCES

Revenue range: 100M - 200M SEK

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ONGOING WAREHOUSE by CINVEN are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: ongoing warehouse

Acquirer: cinven