European industrial software provider Forterro has entered into a binding agreement to acquire TARGIT, a Denmark-headquartered business intelligence (BI) and analytics software company that serves more than 1,000 SME customers across Europe and North America.
LtoR: David Coste, President, Forterro, with Jakob H. Kraglund, CEO, TARGIT and Claire-Marie Nasr, VP M&A, Forterro.
Forterro provides software solutions tailored to the industrial midmarket, helping businesses strengthen operations and accelerate growth. This deal – Forterro’s first BI acquisition – adds analytics and data intelligence to its offering, enhancing the value it can deliver to customers alongside its core ERP solutions.
Founded in 1986 and headquartered in Aalborg, Denmark, TARGIT is known for its cloud and on-premises-based TARGIT Decision Suite – an end-to-end BI platform that automates reporting and enables data-driven decision making. The solution is highly configurable and has a strong footprint in the manufacturing, retail, dealership and public sectors.
Jakob H. Kraglund will remain in his role as CEO of TARGIT during the transition to Forterro, after which he will be leaving the company.
Forterro is acquiring TARGIT from GRO Capital, a Northern European private equity firm with an exclusive focus on B2B software companies. The transaction is expected to complete on 08 July 2025.
Forterro Strengthens Business Intelligence Capabilities with Acquisition of Danish Software Firm TARGIT
Posted in Commentary with tags Forterro on June 26, 2025 by itnerdEuropean industrial software provider Forterro has entered into a binding agreement to acquire TARGIT, a Denmark-headquartered business intelligence (BI) and analytics software company that serves more than 1,000 SME customers across Europe and North America.
LtoR: David Coste, President, Forterro, with Jakob H. Kraglund, CEO, TARGIT and Claire-Marie Nasr, VP M&A, Forterro.
Forterro provides software solutions tailored to the industrial midmarket, helping businesses strengthen operations and accelerate growth. This deal – Forterro’s first BI acquisition – adds analytics and data intelligence to its offering, enhancing the value it can deliver to customers alongside its core ERP solutions.
Founded in 1986 and headquartered in Aalborg, Denmark, TARGIT is known for its cloud and on-premises-based TARGIT Decision Suite – an end-to-end BI platform that automates reporting and enables data-driven decision making. The solution is highly configurable and has a strong footprint in the manufacturing, retail, dealership and public sectors.
Jakob H. Kraglund will remain in his role as CEO of TARGIT during the transition to Forterro, after which he will be leaving the company.
Forterro is acquiring TARGIT from GRO Capital, a Northern European private equity firm with an exclusive focus on B2B software companies. The transaction is expected to complete on 08 July 2025.
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