Total Specific Solutions expands its position in Sweden with the acquisition of Pulsen Retail AB

Jul 03, 2020 Sweden
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Pulsen Retail AB is a vertical market software company focusing on the retail sector in Sweden. With this acquisition, TSS further expands its foothold in Sweden, where Infoflex, FDT, and Ping Pong are already part of the group. And it is the ninth company within TSS that has dedicated retail solutions.

Pulsen Retail AB has Harmoney, a fully integrated end-to-end retail ERP system that enables customers to track inventory, orders, and sales at warehouses, retail stores, and web platforms. Harmoney offers a multichannel solution to its clients who are primarily in fashion retail but not exclusively. Other examples of companies that use the Harmoney retail solution are publishing and media groups, sport and apparel stores, home accessories, and more.

Jonus Bartholdson, CEO of the Pulsen Group: “Pulsen Retail has been part of the Pulsen Group, a family-owned group that creates long-term value with digital solutions, services, and innovation in cooperation with customers and partners. We have identified a need for Pulsen Retail to enter a larger retail context, and in TSS, we have found a lot of industry-specific expertise that will benefit the company. They also have the ‘Software for Life’ principle, which corresponds well with our own long-term view on good business relationships. We feel safe in the knowledge that TSS will take good care of Pulsen Retail, its employees, clients, and partners and develop the company to its full potential.“

Rob van der Salm, General Manager at TSS: “We are very proud to welcome Pulsen Retail AB to TSS. Now, we have a second Swedish company next to FDT in the retail industry in Sweden. As TSS, we can share all our best practices on running a successful VMS company. We have many software companies in the retail sector that can exchange knowledge, but only FDT and Pulsen Retail know the Swedish market with its particularities. The Pulsen Retail ERP helps clients with their sustainability and logistical demands, using AI and automation. They also offer additional consultancy services to their clients. This means that they are close to their market, and we look forward to Pulsen sharing their insights with us. So, we welcome the Pulsen Retail division to TSS. And together with Katarina Hökfors of FDT, we can further strengthen our position in the Swedish retail market.

About Pulsen
Pulsen was founded in 1964 and is the most experienced tech company in Sweden today. The family-owned group has over 1.400 employees and revenue close to 3,5 billion kronor. The group consists of the four IT companies Pulsen Integration, Pulsen Omsorg, Shibuya and Pulsen Retail, as well as Pedab Group, Pulsen Fastigheter, Pulsen Konferens, Releasy, Indicate me, Idare, Hjältevadshus, 21 Grams and Pulsen Asset Management. The Pulsen Group head office is located in Borås, Sweden.

If you are an owner of a Vertical Market Software company in the Nordics and you would like to know more about joining TSS, please contact:

Victor Mellgren
M&A Manager Sweden
Telephone: +4670 694 47 66
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