Hairtools is a leading provider of software for hair and beauty salons. In addition, Hairtools has developed a booking system “tidtildig.nu” that has become a market leading platform for booking of hair-cuts, etc.
EG A/S is one of the worlds largest Microsoft ERP partners, based in Denmark with a market-focus upon the Nordic countries. EG’s strategy is to be the leading provider of standard solutions for business verticals. Through the years, EG has developed into a +2bnDKK company through a combination of organic and acquisition based growth. For more than 10 years, 1CT has been exclusive M&A advisor to EG, acting as an outsourced M&A resource. Gemstone Capital is pleased to continue this relationship.
EG commissioned 1CT (Gemstone Capital) to identify candidates with a strong vertical market position and Hairtools was one of many candidates. Hairtools was approached by 1CT (Gemstone Capital) and eventually this lead to EGs acquisition of the company.
EG Hairtools is now a separate unit within the BRS (Business Ready Solutions) Division of EG.