Headquartered in Nedre Vats, Norway, AutoStore is an automated warehouse systems pioneer. The Company’s cubic solution has automated more than 350 warehouses in 28 countries.

Thommessen also assisted EQT in 2017 when the private equity group bought AutoStore from its founders. Since then AutoStore has experienced exponential growth, with quadrupled revenues, a 4.5 EBITDA increase and a doubling of the employee base.

The transaction is subject to customary regulatory approvals and is expected to close during the third quarter of 2019.