Hg has agreed to exit Geomatikk, a provider of tech-enabled services and software, to Nordic private equity firm Axcel. Geomatikk connects infrastructure owners, contractors and public authorities through digital platforms and specialized field services. Under Hg's ownership, Geomatikk made nine strategic acquisitions, positioning the company as a key player in Norway's infrastructure technology sector.

Geomatikk's management team, along with Norwegian company KKA Invest, will reinvest and remain shareholders alongside Axcel. The deal represents a significant transition for Geomatikk, which has built its business around digital solutions for infrastructure management. Axcel's acquisition signals continued interest in Nordic technology companies that serve critical infrastructure needs.

The transaction underscores the growing importance of digital platforms in infrastructure management across Northern Europe. With management reinvesting alongside the new owner, the deal structure suggests confidence in Geomatikk's continued growth trajectory under Axcel's ownership. The company's track record of strategic acquisitions under Hg's ownership has created a platform with expanded capabilities in the infrastructure technology space.