Bluecielo takes stake in Kronodoc software firm

Bluecielo ECM Solutions, a supplier of software for engineering content management and asset information management, has acquired a 70 per cent stake in Kronodoc, a Finnish company specialising in document-management software solutions for the engineering, procurement and construction sector.

The funds are managed by Pohjola Capital Partners and Canelco Capital, ABB, Shawfield Overseas and Novitra Investment.

The remaining 30 per cent of the company has been acquired by Kronodoc’s management.