European long-term investor and growth accelerator Everfield announces the acquisition of Frontu, a leading provider of field service management software. This acquisition marks Everfield’s first in Lithuania and its third in the Baltics. Frontu joins a growing ecosystem of European software businesses that are mission-critical to their B2B customers’ daily work.
Founded in 2013, Frontu’s field service management platform helps businesses efficiently and digitally manage their service and maintenance operations. Its modern cloud solution helps businesses manage end-to-end workflows — from receiving a customer’s initial service request, to work order creation, delivery and resolution.
Frontu’s software is used by hundreds of customers in 16 countries, including dealers of biggest heavy machinery manufacturers like John Deere, JCB, Manitou, Linde, Hitachi, New Holland. They specialise in supporting companies providing heavy machinery after sales services to sectors including agriculture, material handling, construction and forestry.
This acquisition will support the continued growth of Frontu’s team and customer base, as they expand their footprint within Europe.
“We’re just getting started,” says Arūnas Eitutis, CEO of Frontu. “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.”
Paulius Lazauskas, CEO of iToGroup, the primary investor, considers this transaction a great success, marking the culmination of 11 years of dedicated effort and demonstrating that startups in the B2B sector have both potential and success.”
Growth potential of Frontu has convinced early stage VC fund Open Circle Capital back 2018 and attracted investment from the fund back when the company monthly revenue was below EUR 30k. Today Frontu is demonstrating nearly 400% growth since receiving the investment. “Our job is to detect the companies developing software of the future early on and help them grow faster than they could without our investment. It’s an honour to be a part of this journey with the team from the moment of very first revenues till company acquisition. We sincerely believe in the team’s capacity to further scale to other markets” says managing partner of Open Circle Capital Audrius Milukas.
Frontu’s platform, a combination mobile app for field service personnel and web application for administration and management, is available in 20+ languages. Product functionalities are available to customers through a growing number of APIs and integrations.
Arūnas continues to lead the business and Frontu team from their headquarters in Kaunas, Lithuania.
“From our first meeting with Arūnas, we were excited by his bold vision for Frontu,” says James Moore, Acquisitions Country Manager at Everfield. “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.”
“Frontu, Arūnas, and the team are a great addition to the Everfield ecosystem,” says Henning Schreiber. “As we build on workforce management capabilities at Everfield, Frontu’s dedication to solving impactful challenges for their customers stood out, and we continue to support their growth.”
Everfield operates a decentralised model, where companies maintain their teams, brand, and customer base post-acquisition. This is Everfield’s second acquisition in the field service management segment, following the acquisition of UK-based Depotnet in 2023.
The KPMG Baltics team from Latvia and Lithuania led the sell-side advisory for this transaction, in collaboration with its senior TMT sector advisor (Connecting Advisors), Noewe Legal was supporting the Frontu team on all legal matters.
