Columbus to sell software subsidiary To-Increase for €113M

Columbus A/S announced it will sell its software subsidiary To-Increase to Gilde Buy Out Partners and the management of To-Increase for EUR 113m.

Columbus announced its intention in October to sell off To-Increase as part of the firm's new strategic direction to become a global consultancy. The deal is expected to close in January 2021 pending legal approvals.

To-Increase offers dozens of add-on solutions for Dynamics ERP products. Many are industry-focused in areas including rental and lease management, food, and manufacturing.