By Dominic Chopping


STOCKHOLM--Swedish private-equity firm EQT AB said Tuesday that it has agreed to acquire a majority stake in photography-software developer GotPhoto Company from its founders, existing angel investors and management team, who will remain minority owners.

Founded in 2012 and headquartered in Berlin, Germany, GotPhoto and its German brand fotograf.de offer photographers software for photo management, photo editing, marketing automation, payment and order fulfillment.

EQT said the company--which has over 4,000 customers--is already one of the largest players in the workflow and e-commerce solution market for volume photography, which is expected to grow 24% year-on-year through 2027.

GotPhoto's management team, including its Chief Executive Benedikt Greifenhofer, will continue to lead the company.

The deal is subject to customary conditions and approvals and is expected to close in April.

Financial terms weren't disclosed.


Write to Dominic Chopping at dominic.chopping@wsj.com


(END) Dow Jones Newswires

03-28-23 0353ET