In a strategic move, London-based Everfield has bolstered its portfolio by acquiring Lithuanian field service management software provider Frontu and Austrian food service specialist KOST. These acquisitions enable Everfield to deepen its footprint in both the German-speaking regions and the Baltics. The acquisition of Frontu marks Everfield’s first venture in Lithuania, while KOST is the company’s second acquisition in Austria. This expansion not only highlights Everfield’s commitment to growth across Europe but also its focus on strengthening critical service sectors.
How Does Frontu Support Businesses?
Frontu, established in 2013, offers a platform that digitizes service and maintenance workflows across various industries. The solution handles everything from customer requests to work order completions and is utilized by companies in agriculture, construction, and forestry. Its mobile and web applications cater to field service personnel and administrators, supporting multiple language options and offering API functionalities for seamless integration. Esteemed brands like John Deere and Hitachi rely on Frontu for their operational needs across 16 countries.
Frontu’s integration into Everfield’s ecosystem is expected to fuel its growth further. As Frontu joins Everfield, the focus will be on expanding its team and customer outreach in Europe. Everfield’s Henning Schreiber emphasized the alignment with Frontu’s mission to address substantive industry challenges. CEO Arūnas Eitutis remains optimistic about enhancing their leadership in the field service market.
What Advantages Does KOST Bring?
KOST, founded in 2000, began as an inventory management system and has evolved into a comprehensive solution for large-scale food service operations. It improves supply chain transparency and efficiency, minimizing food waste across Germany, Austria, and Switzerland. Everfield’s acquisition of KOST aims to increase its market share in the food and hospitality sectors. Oscar Koberling noted the strategic nature of this acquisition to bolster Everfield’s presence.
Everfield’s expansion strategy involves acquiring software companies across Europe, allowing them to maintain their operational independence while benefiting from shared resources. Frontu is Everfield’s 21st acquisition and second in the field service segment, following its acquisition of Depotnet in 2023. This move reflects Everfield’s commitment to diversifying its service offerings while supporting its acquired companies’ continued development.
Both Frontu and KOST will continue under their leadership teams, reinforcing Everfield’s decentralized model, which respects the autonomy and brand identity of its acquisitions. The retention of original teams ensures continuity and strengthens the growth trajectory of these companies within their specialized fields.
The dual acquisition of Frontu and KOST underscores Everfield’s strategy of strengthening its position in crucial sectors such as field service and food management. By integrating these companies, Everfield aims to enhance their operational capabilities and extend their market reach across Europe. This strategic approach not only broadens Everfield’s portfolio but also contributes to its long-term growth objectives.
