Vitec expands with Olyslager acquisition for lubricant software

Vitec Software Group AB has strengthened its position in the vehicle and machinery software market through the acquisition of Olyslager Group B.V., a Dutch-based company specialising in data and software for lubricant and fluid suppliers. Olyslager, which generated EUR12 million (USD12.8 million) in revenue in 2023, provides advanced tools for selecting optimal lubricants and fluids tailored to specific vehicle and machinery needs. With a solid European market presence and a notable footprint in the United States, Olyslager’s software aids in matching lubricants to specific vehicles based on factors such as make, model, and licence plate.

Oly Backman, CEO of Vitec Software Group, commented that the acquisition aligns with the company’s commitment to sustainability and operational efficiency for the vehicle and machinery industry. Olyslager is a valuable addition to our portfolio with its dedicated team and strong client base, he said.

Olyslager, founded in 1950, employs 39 people and operates out of Bunschoten, the Netherlands. Under Vitec’s ownership, the company will continue its long-standing customer relationships, with a focus on delivering high-quality data and insights for lubricant applications.