Hoist Group Announces Launch of Infrateq Group
Hoist Group announces the next stage of its hospitality leadership journey, creating Infrateq Group, a specialist in infrastructure fulfillment and professional project management.
Stockholm, Nov 2nd 2021
Today, Hoist Group announces the completion of its change of ownership, to a consortium led by Advent International (“Advent”), creating a software and services champion for the Hospitality industry.
Hoist Group serves more than 8,000 venues with integrated, and data driven software and services, including property management systems, IP networking solutions, booking engines, eGift cards, mobile keys, and management dashboards. Following the investment from Advent and the consortium, Hoist Group will expand its software capabilities and market reach to enhance the digital guest experience and help their customers improve operational efficiency and profit.
In parallel, Hoist Group also announces today the creation of Infrateq Group, a standalone infrastructure project management, deployment, and maintenance company, owned by Hoist’s former shareholders and management team. To optimize in-market execution, Infrateq Group and Hoist have entered a commercial agreement where Hoist will manage all Hospitality customer relationships and Infrateq Group will directly manage all onsite infrastructure and hardware projects – from procurement and installation to completion and maintenance.
“Our customers are demanding excellence on both software solutions and infrastructure management. By creating these two industry champions in order to provide a more focused and driven approach in their complementary activities, the hotel industry will greatly benefit”said Alfonso Tasso, CEO Hoist Group. “Infrateq Group will be Hoist’s partner to improve seamless infrastructure and enable hardware project execution and support” added Annika Rydström, Infrateq Group’s CEO, “we look forward to growing our business and satisfying our customers across EMEA.”
For Press enquiries, please contact:
Mohammed Sha, Head of Marketing, Hoist Group – firstname.lastname@example.org
About Hoist Group
Hoist Group provides technology solutions to hotels, enabling them to manage coherent end-to-end digital journeys for their guests. Hoist Group optimizes guest services by correlating and analyzing the data that comes from its innovative Property Management & Booking Software, Managed IP Networks, Internet, and TV as well as from many other digital touchpoints. Headquartered in Stockholm with 20 offices across EMEA, Hoist Group has nearly 400 dedicated staff serving over 8,000 unique hotels.
About Advent International
Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 380 private equity investments across 42 countries, and as of June 30, 2021, had €68 billion in assets under management. With 15 offices in 12 countries, Advent has established a globally integrated team of over 245 private equity investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology. After 35 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.