London-based Everfield, a European long-term investor and growth accelerator, has acquired Frontu, a Lithuanian field service management software provider and KOST, a Graz-based food service specialist.
Frontu is Everfield’s first acquisition in Lithuania and its third in the Baltics. The London-based company expanded its presence in the German-speaking region by acquiring KOST – the second company to be acquired in Austria.
Simplifying management and daily maintenance
Founded in 2013, Frontu offers a field service management platform designed to help businesses streamline and digitise their service and maintenance operations.
The company’s cloud-based solution manages entire workflows, from customer service requests to work order completion. It focuses on supporting businesses in industries such as agriculture, material handling, construction, and forestry.
Frontu’s platform includes a mobile app for field service personnel and a web application for administration and management, available in over 20 languages. The platform offers product functionalities through APIs and integrations.
Hundreds of customers across 16 countries use the company’s software, including major heavy machinery OEM dealers like John Deere, JCB, Manitou, Hitachi, and New Holland.
Frontu will become part of Everfield’s growing ecosystem of European software businesses that provide critical support to B2B customers. The acquisition is anticipated to drive Frontu’s growth by expanding its team and customer base as it broadens its footprint across Europe.
Henning Schreiber of Everfield, says, “Frontu, Arūnas, and the team are a great addition to the Everfield ecosystem. As we build a workforce management vertical at Everfield, Frontu’s dedication to solving impactful challenges for their customers stood out, and we continue to support their growth.”
Arūnas Eitutis, CEO of Frontu, adds, “We’re just getting started. With Everfield by our side, we’re ready to expand our leadership in the growing Field Service Management market across Europe, especially in the industrial equipment sector. Frontu’s technician-first approach is already trusted by hundreds of customers, and we’re ready to take it even further.”
Eitutis will continue to lead the business and its team from its headquarters in Kaunas, Lithuania.
James Moore, Acquisitions Country Manager, UK&I, Everfield, says, “From our first meeting with Arūnas, we were excited by his bold vision for Frontu. The business has demonstrated exceptional growth over the past three years, and I look forward to seeing the business continue to excel within the Everfield ecosystem.”
“Frontu’s cutting-edge cloud solution is highly scalable and feature-rich, which has enabled the business to establish a leading position in the Baltics. We look forward to continuing to support their growth and expansion into more European markets.”
What does KOST offer?
Founded in 2000 by Michael Cikerle and Richard Huß, KOST has grown from an inventory management system into a software solution for large caterers, restauranteurs and healthcare institutions.
The company streamlines the entire supply chain, from ordering to serving, enhancing transparency and efficiency while helping reduce food waste in Germany Austria, and Switzerland.
KOST and Everfield team | Image credit: EverfieldSebastian Holler, who focuses on the Austrian market for Everfield, says, “KOST can cover a broader range of customer requirements in the catering sector. This creates a win-win situation for all parties, sharing a wealth of experience and continuing to grow in Europe.”
Through continuous development in areas such as sales, marketing, and product development, KOST is able to attract new customers.
“We are pursuing a vertical approach and have strengthened our food & hospitality presence with this acquisition,” adds Oscar Koberling, Country Manager for Germany, Austria, and Switzerland at Everfield.
Michael Cikerle, Richard Huß, and Michael Schroller will remain with KOST as advisors, while Sascha Beyer, a long-time manager, will assume the role of Managing Director. Beyer will continue to lead the company alongside the existing staff.
Brief about Everfield
Everfield acquires, builds, and grows European vertical market and specialist software companies, providing them with the tools to enhance their success and support growth.
Since 2022, Everfield has acquired over 13 independently managed companies that develop mission-critical products.
The company uses a decentralised model that allows acquired companies to retain their teams, brand, and customer base. The acquisition of Frontu is Everfield’s 21st overall and its second in the field service management segment, following the acquisition of UK-based Depotnet in 2023.