Draft:LS Retail



LS Retail is a Point of Sale (POS) software provider headquartered in Kópavogur, Iceland with offices in the USA, UAE, Portugal and Malaysia. It was acquired by the Nordic private equity firm Axcel in December 2025.[1][2] LS Retail software is used by businesses operating in the retail and food industries. The company reports that its software is used in over 157 countries globally as of 2026.[3]

LS Retail was acquired by Axcel from Aptos Retail, a U.S.-based provider of retail technology solutions owned by funds managed by Private Equity at Goldman Sachs Alternatives, which had originally acquired LS Retail in 2021.[4]

History

1986 – IT firm Strengur develops the Danish Navigator software for the Icelandic market. Navigator later evolved into Microsoft Dynamics 365 Business Central.[5]

2003 – Companies Strengur and Landsteinar merge, forming Landsteinar Strengur ehf. and launching the LS Retail name.[6]

2009Microsoft buys the LS Retail AX software from LS Retail.[7]

2021 – Acquisition by Aptos Retail[8], a U.S.-based company and subsidiary of Goldman Sachs[9].

2025 – Acquisition by Axcel, a private equity fund based in Denmark.

Technology

LS Central, an extension of Microsoft Dynamics 365 Business Central ERP, is the main product of LS Retail.

As of 2026 Emirates General Petroleum Corporation, Emarat[10]; Boots Apotek in Norway[11]; PSP Pharma in Georgia; adidas[12]; Blue Lagoon Iceland[13] and Danish retailer NORMAL[14] use LS Retail software.

Partnerships

LS Retail partners with payment service providers FreedomPay[15], Elavon[16] and Adyen[17] and hardware provider Toshiba.

Recognition

IDC mentioned LS Retail as a Major Player in Point of Sale in its MarketScape reports "Worldwide Point-of-Sale Software in Grocery and Food Store Retail Vendor Assessment",[18] "Worldwide Mobile Point-of-Sale Software Platforms for Fashion Retail 2025 Vendor Assessment",[19] and "Worldwide Point-Of-Sale Software in the Full-Service Restaurant Sector 2024-2025 Vendor Assessment".[20]

Gartner® named LS Retail a representative Vendor in its Market Guide for Unified Commerce Platforms Anchored by AI-Enabled POS for Tier 2 Retailers, published on October 27th, 2025.[21]

References

  1. ^ Lorenzen, Maria Fiorini (2025-12-09). "Axcel partners with LS Retail, a global software leader in retail and hospitality". Axcel. Retrieved 2026-06-04.
  2. ^ Elstrup, Morten (2025-12-09). "Axcel overtager it-virksomhed fra Goldman Sachs i milliardhandel". borsen.dk (in Danish). Retrieved 2026-06-04.
  3. ^ "About LS Retail | LS Retail software solutions". www.lsretail.com. Retrieved 2026-06-04.
  4. ^ Williams, Trevor (2021-01-12). "Atlanta's Aptos Buys Iceland-based Retail Software Firm". Global Atlanta. Retrieved 2026-06-04.
  5. ^ "LS Retail ehf. – Ísland – Atvinnuhættir og menning" (in Icelandic). Retrieved 2026-06-04.
  6. ^ "Landsteinar og Strengur sameinast". www.mbl.is (in Icelandic). Retrieved 2026-06-04.
  7. ^ "Microsoft Investor Relations - Acquisition History". www.microsoft.com. Retrieved 2026-06-04.
  8. ^ Chain, IT Supply (2021-02-16). "Aptos Completes Acquisition of LS Retail". Supply Chain IT. Retrieved 2026-07-21.
  9. ^ Taylor, Glenn (2020-01-13). "Goldman Sachs Will Acquire Aptos". Retail TouchPoints. Retrieved 2026-07-21.
  10. ^ "Emarat expands LS Retail partnership to build future-ready service stations". MENA Fintech Association. Retrieved 2026-06-04.
  11. ^ "Boots Apotek chose LS Retail software solutions". www.lsretail.com. Retrieved 2026-06-04.
  12. ^ LS Retail (2024-08-16). adidas chose LS Retail software solutions. Retrieved 2026-06-04 – via YouTube.
  13. ^ "Blue Lagoon Iceland chose LS Retail software solution". www.lsretail.com. Retrieved 2026-06-04.
  14. ^ "Danish retailer NORMAL to upgrade almost 800 stores to LS Central SaaS". www.lsretail.com. Retrieved 2026-06-04.
  15. ^ "LS Retail and FreedomPay partner to deliver unified payments worldwide". www.lsretail.com. Retrieved 2026-07-21.
  16. ^ "Elavon and LS Retail launch new omnichannel payments solution - News". Elavon UK. Retrieved 2026-06-04.
  17. ^ "LS Retail all-in-one retail management software - Adyen". www.adyen.com. Retrieved 2026-06-04.
  18. ^ "IDC MarketScape: Worldwide Point-of-Sale Software in Grocery and Food Store Retail 2026 Vendor Assessment". IDC: The premier global market intelligence company. Retrieved 2026-06-04.
  19. ^ "IDC MarketScape: Worldwide Mobile Point-of-Sale Software Platforms for Fashion Retail 2025 Vendor Assessment". IDC: The premier global market intelligence company. Retrieved 2026-06-04.
  20. ^ "IDC.com IDC Table of Contents". IDC: The premier global market intelligence company. Retrieved 2026-06-04.
  21. ^ "Gartner Login". www.gartner.com. Retrieved 2026-06-04.

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