Medius acquires Ascendo, adding 500 customers to its portfolio

Medius AB has acquired the assets and bankrupt’s estate of the Swedish procure-to-pay and invoice process provider Ascendo Systems AB. The deal covers Ascendo’s assets and Medius acquires Ascendo’s products, competence and customer base.

“In general, Ascendo was a well-kept company with more than 500 satisfied customers. Ascendo have a strong product portfolio and we see great potential to develop our combined business further, as well as offer Ascendo’s customers and partners a secure future”, says Mikael Lindblom, CEO of Medius. “The acquisition is in line with Medius’ growth strategy and strengthens our position on the Swedish market. From a product perspective, the acquisition improves our offering through Ascendo’s service and cloud solution”

The business will be managed from Ascendo’s office in Östersund, from which solutions and customer relationships will continue to be supported, maintained and developed.

”I have a long relationship with Ascendo, and it feels great to enter into this new set-up, where Medius takes over the business as well as maintains Ascendo’s suite of products. Medius is a well-known and trusted provider with a strong customer focus. I am confident that this is a great opportunity and that Medius through their size, focus and competence can generate additional value for Ascendo’s customers”, says Lars Gimbring, co-founder of Ascendo.

”Ascendo’s focus as well as their competence in invoice management is a great fit for Medius. We see great potential in being able to generate additional value for Ascendo’s customers. The acquisition also confirms and strengthens Medius position as a leader in invoice management”, concludes Mikael Lindblom.

For additional information, please contact:

Mikael Lindblom
CEO Medius, [email protected], +46-733-507459

Pontus Björnsson
EVP Medius, [email protected], +46-701-814204

Fredrik André
Marketing Director Medius, [email protected], +46-709-239381

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