Press releases

Seven District acquires Kvaser to build a global leader in machine-to-machine communication solutions

Seven District has made a significant investment in Kvaser, acquiring 80% of the company from its founders. Kvaser is an industry leading CAN expert that provides advanced solutions to engineers designing and deploying systems in vehicle and automation markets. In 2021, revenues amounted to SEK 150M with good profitability.

Seven District has acquired 80% of Kvaser, an industry leading CAN expert that provides advanced solutions to engineers designing and deploying systems in vehicle and automation markets. Kvaser has a long-standing operational track record and strong blue-chip customer relationships serving all end markets that require CAN technology. Kvaser is particularly valued amongst end users for delivering high quality, reliable components and comprehensive third-party support. With Seven District as a majority owner, Kvaser will continue to develop efficient solutions for industrial equipment and components to communicate and share information in order to enable new technological breakthroughs and continue its global growth journey. Seven District will provide significant operational support and leverage the team’s extensive expertise to create long-term value and strengthen the market position for Kvaser.

Joining forces with Seven District will strengthen our competitiveness and enable Kvaser to continue its growth journey.
Martin Sventén
CEO, Kvaser

”Kvaser’s growth prospects, high profitability and favourable market outlook in all key segments appeal to us, and we are delighted to support the company going forward. We invest in businesses that leverage technology to create a competitive advantage and Kvaser aligns perfectly with our investment thesis by being a technology company with high growth potential that enables improved productivity and sustainability through collection, communication and sharing of data and insights from industrial equipment. We believe that together we can accelerate Kvaser’s international growth journey, enabling new technological solutions to further improve productivity.” says Anders Jacobson, Managing Partner and one of the founders of Seven District.

“Joining forces with Seven District will strengthen our competitiveness and enable Kvaser to continue its growth journey. The way that Seven District combines operational and strategic involvement based on their professional and personal experience truly adds value to the business.” says Martin Sventén, who joined Kvaser as CEO when Seven District completed the acquisition of company.

The acquisition of Kvaser marks the launch of Seven District’s new strategy and platform, to create a stage-agnostic, founder- and entrepreneur led investment company combining hands-on operational know-how with international institutional investment experience in the field of technology and sustainability.

”Seven District combines the learnings, experiences and skills gained by seven individuals having founded, built and grown successful businesses over decades. We have been in the shoes of a founder and entrepreneur ourselves and we believe we are well suited to support and work alongside founders and entrepreneurs when creating the leading companies of the next century”, Anders Jacobson concludes.

Contact us for more information

Anders Jacobsson

Anders Jacobson

CEO & Co-founder, Seven District
+46 702 02 99 09
Kvaser

Martin Sventén

CEO, Kvaser
+46 702 39 21 01

About Seven District

Seven District is an investment company that combines entrepreneurship with experience, knowledge, and capital to accelerate growth and unlock the full potential of companies. Seven District primarily invests in companies headquartered in Sweden, which are, or can become, market leading in a well- defined niche, from the early stages up to c. 500 MSEK in turnover. The strategy is to provide a high degree of operational support, leveraging the extensive experience of Seven District’s founding team, as well as providing an international network and financial strength when partnering up with like- minded entrepreneurs.

The investment portfolio consists of companies that leverage technology to create a competitive advantage and strive to play an important role in positively impacting the development of society. Seven District’s investments to date include inter alia: Kvaser, Qamcom, Eyescanner, Intelligent Aerial, Acre Skogstjänst AB, Easycom, Viospatia, Irriot 24 Duty and Visiba Group.

About Kvaser

With 40 years of CAN development experience and over 100 CAN-related products to its name, Kvaser AB is the CAN expert, bringing its deep knowledge in the field of CAN to industries that include Automotive, Avionics, Building Automation, Domestic Appliances, Hydraulic Equipment, Industrial Automation, Maritime, Medical, Military, Railway, Telecoms and Textiles.

Kvaser is headquartered in Mölndal, Sweden, with regional offices in Mission Viejo, CA in the United States; Shanghai, China, and Hong Kong. Kvaser AB has a global network of highly knowledgeable Qualified Resellers and Technical Associates.