Techstep to divest BCM division for strategic focus

Techstep ASA announced it has entered into a non-binding term sheet for the potential divestment of its Business Critical Mobility (BCM) business to IDnet AB, a subsidiary of Lexit Group AS. The BCM Business, acquired in 2021 as part of OptiDev AB, is considered separate from Techstep's core operations. This move aims to strengthen Techstep's financial position, enhance operational efficiency, and sharpen its focus on managed mobility services.

The transaction is expected to be structured as a carve-out and asset or share transfer. An agreement is anticipated in December 2025 with closing early Q1-2026, pending due diligence, definitive agreements, carve-out completion, and regulatory approvals. Techstep intends to use the proceeds to repay interest-bearing debt and boost financial flexibility for strategic growth initiatives.

Lexit Group, with annual revenue of approximately 1.7 billion and 300 employees, is described as the largest Nordic player in the Business Critical Mobility space. Techstep reported annual revenue of 1.1 billion in 2024.