Forterro Adds BI Power by Acquiring Danish Firm TARGIT

Forterro focuses on providing software for mid-sized industrial businesses to help them improve operations and grow faster. This marks Forterro’s first acquisition in the BI space. With TARGIT’s analytics tools, Forterro plans to strengthen its ERP solutions and offer more value to its customers by adding advanced data insights and reporting capabilities.

Dean Forbes, CEO of Forterro, said that this is a significant strategic step for Forterro, adding: TARGIT is a well-established, highly scalable, BI solution with deep domain knowledge, trusted by SMEs around the world to transform data into actionable insight. With TARGIT, we can help customers unlock even greater value from their ERP data, enabling smarter decision making and driving better business outcomes.

This integration not only strengthens our BI capabilities, but also broadens our strategic focus beyond core ERP, creating new opportunities to deliver value and growth.

Read Also - Wingcopter Raises New Funds And Adds To Leadership Team

TARGIT, founded in 1986 and based in Aalborg, Denmark, is best known for its TARGIT Decision Suite—an all-in-one business intelligence (BI) platform that simplifies reporting and supports data-driven decision-making. The platform is highly adaptable and widely used across industries such as manufacturing, retail, dealerships, and the public sector.

Jakob H. Kraglund, CEO of TARGIT, shared: We’re very excited to be joining Forterro as it’s an organisation which we believe can help us to significantly accelerate growth and expand the reach of our comprehensive BI platform and verticalised solutions. We also share a strong commitment to customer value and success, and core values such as agility, innovation and integrity.

With Forterro’s support, we can boost development and advance far beyond what was previously possible while staying true to the strengths and values that have brought us success so far.

Jakob H. Kraglund will continue as CEO of TARGIT for the time being and is set to step down after the transition.

Forterro is acquiring TARGIT from GRO Capital, a Northern European private equity firm focused exclusively on B2B software companies. The deal is expected to close on 8 July 2025.

About Forterro

Founded in 2012, Forterro provides software solutions for industrial businesses and has become a leader in this space across Europe’s major manufacturing markets. The company has over 2,500 employees working from more than 40 offices worldwide, supporting over 25,000 customers. Forterro’s products are tailored to local market needs and are built to help businesses improve efficiency and stay competitive.