Industrifonden Exits Crosser Following Acquisition by Aveva / Schneider Electric

Industrifonden has exited its investment in Crosser, a Swedish industrial software company, following its acquisition by Aveva, part of the global industrial technology group Schneider Electric.

Founded in 2017, Crosser has developed a leading platform for stream analytics and data integration, enabling industrial companies to deploy advanced AI and analytics closer to the source of data — across machines, factory floors, data centres and cloud environments. The company has built a strong position among demanding industrial customers, addressing the growing need for real-time, distributed intelligence in automation and energy-intensive industries.

The acquisition marks an important milestone in Crosser’s journey and validates the team’s long-term focus on building deep, scalable technology for industrial digitalisation. Under Aveva and Schneider Electric, Crosser is well positioned to accelerate its global reach and deliver value across a broad international customer base.

Industrifonden has supported Crosser alongside the founders and other investors as the company navigated a long development cycle and a challenging market environment for industrial investments.

Tobias Emlqvist, Senior Investment Manager at Industrifonden, commented:
“Crosser has built a cutting-edge technology platform addressing a critical need in industrial digitalisation. We are proud to have supported Martin Thunman and the team on their journey and are confident that Aveva and Schneider Electric provide an excellent home for the next phase of growth.”

Industrifonden continues to invest in technology companies that build long-term value by solving complex challenges within industry, energy and automation.