Enersize Oyj (“Enersize” or the "Company”) announces that the Board has decided to centralize and streamline the Company in order to accelerate the transition to the sale of software that generates recurring income. CEO Anders Sjögren will take over the operational management of sales and marketing in the short term. The reorganization is expected to streamline work and reduce costs for the company by closing of the office in Gothenburg.
Enersize's board works strategically to accelerate the transition to software sales to generate recurring revenue. In connection with this, the Gothenburg office will be closed down and the CEO will in the short short term take over the operational management for sales and marketing work with the task of initiating a program for the development of the go-to-market strategy.
In the market situation that has now arisen, Enersize will concentrate its operations on Lund. This also includes increased focus on "Compressed Air Services", the company's unique integrated Software-as-a-Service offering. To begin with, the main focus of sales is on developing Enersize's partner eco-system, and in line with this, the Company has intensified cooperation with their partners in Sweden.
The restructuring will be implemented with immediate effect and is not expected to significantly affect sales in the short term, but provide conditions for faster growth in 2021. The company expects the cost for the company to decrease by approximately SEK 0.3 million per month when the change is fully implemented.
Following a very successful issue, Enersize has secured the opportunity to develop the company's sales and marketing work in new geographies, such as Germany. Investments are also being made to strengthen the portfolio of unique SaaS components for industrial real-time optimization of compressed air. The company is also beginning to see more positive buy signals from the market, which has been virtually stagnant after Covid19. Projects sold in Q1 have in many cases been postponed due to Covid19 but are now starting to be planned for delivery.
"The fact that Lund will now also be the head office for the sales and marketing organization is a natural step in our development and will mean that we can work faster with the transition to becoming a software company," says Anders Sjögren, CEO of Enersize