Investment: 2017
Status: Current
Sector: ERP systems for craftsmen


SmartCraft completes its Initial Public Offering on Oslo Børs

SmartCraft ASA (“SmartCraft”), a leading provider of mission-critical software to the construction industry, has been listed on Oslo Børs, Norway, with first day of trading on 24 June 2021. Valedo will remain a committed and significant shareholder with around 40 percent of ownership in SmartCraft and continue to support the company on its continued growth

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Cordel becomes SmartCraft and enters the Finnish market through the acquisition of Congrid

Cordel becomes SmartCraft to reflect the transformation of the business in recent years to a leading provider of cloud-based software for the construction and craftsmen industries in Northern Europe. In addition, SmartCraft has acquired Congrid, the market leader for Construction Quality and Safety Assurance (“QSA”) SaaS software in Finland. The acquisition marks SmartCraft’s entrance into

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Valedo III invests in Cordel Norden

After several years of successful partnership, System Konsult AS (”System Konsult”) and Bransjedata AS (”Bransjedata”) are joining forces to create Cordel Norden AS (“Cordel Norden”), a market leading provider of ERP systems for craftsmen in Norway. In connection with this, Valedo Partners III AB (”Valedo”) enters as a new majority shareholder in partnership with the

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