APX10 takes it to the next level
US-based Cimbria Capital acquires APX10 A/S
We are excited to announce this significant milestone in our short but eventful history. It is with great enthusiasm that we have secured a new ownership and we are proud of the confidence shown to us by Cimbria. Being part of Cimbria Capital through Cimbria Nord enables new opportunities for our international ambitions and accelerate the development of our SaaS solution, data|APX®.
Currently, Danish water technology is experiencing an increasing interest globally. With this new backing, we are more than ready to bring our Danish best practice to the international playground.
In just 2 years we have gone from proof-of-concept to helping almost 20% of the Danish water utilities with data-driven decision making. We are now in the forefront of the industry effort towards strategic and data-driven asset management.
This is all something that has been made possible by all the clients who are providing us with valuable feedback. We now look forward to bringing many more new and valuable features to existing and future users of the platform – and to grow an even bigger data-driven community.
We are very excited to be part of the Cimbria family. Both our solution and efforts have had the ambition of international impact from the very first days of operation. We cannot think of a better partner than Cimbria Capital, to help pave the way for future success. Being a technology start-up is great and tough business. With the strength of Cimbria Capital, we are confident that we can bring our contribution of Danish water technology to a global market faster and smarter.
Ulrich Borup Hansen, CEO
Cimbria Nord is a private equity investment firm based in Denmark conducting growth capital and early stage buyout investments in the agriculture and water sectors in the Nordics.
Cimbria Nord is an affiliate of United States-based private equity investment firm, Cimbria Capital.