ICON has successfully advised on the £3m management buyout of Lanner Group. The buyout was backed by NVM Private Equity.
Lanner is a leading provider of Process Simulation Software which enables business managers to model, analyse and optimise new business processes, however complex. Customers such as Nissan and Sanofi-aventis have achieved significant efficiencies and savings using these solutions.
Lanner was established in 1996 following the MBO of the simulation software division of AT&T originally backed by 3i. The company has since developed into a growing software product business with a variety of channels to market for their leading business improvement product portfolio, comprising: WITNESS; L-SIM; Px-Sim; and PRISM. Lanner works with partners such as IBM and IDS Scheer and end users include the likes of Ford, British Nuclear Group, UK Home Office, US Military, BAE, Nissan, Shell and GSK.
Lanner has offices in the UK, France and the US.