TENDER DOCUMENTATION – Free2Move AB in bankruptcy

Regarding the sale of business operations and assets in the Free2Move bankruptcy

Background

On October 1, 2026, Free2Move AB (556587-0895) and Free2Move Holding AB (556705-0157) were declared bankrupt, and attorney Dan Bengtsson at Carler Law Firm was appointed as bankruptcy trustee.

Free2Move has conducted operations in digitalization and technical property management with a focus on smart building control, energy efficiency, and sustainable technical solutions. The business has primarily focused on developing and providing digital solutions that enable more efficient property operations, reduced energy consumption, and improved net operating income for property owners.

The business was operational at the time of the bankruptcy decision, and Free2Move AB has six employees.

The 2Connect Platform

Since 2018, Free2Move AB’s operations have primarily focused on the development of the proprietary and completely brand-independent digital platform 2Connect. The platform is a cloud-based SaaS solution (Software as a Service) for digital property management that enables connection, monitoring, analysis, and control of properties’ technical systems and energy consumption. Through the platform, property owners can consolidate various aspects of property operations into a unified system with functions including alarm management, documentation, operational planning, automated reporting, and AI-based energy optimization.

The company has not only been able to deliver a well-functioning platform but has also offered its customers customizations according to their needs along with installations of physical meters, sensors, and transmitters. This may include, for example, smart greenhouses, intelligent hay dryers, behavior measurement in kitchens, connection of hydroelectric power plants, custom AI models, and much more.

The company has also offered comprehensive solutions in electrical inspection and energy optimization, where inspection of electrical installations has been combined with analysis of energy use and power demand. The services have aimed to identify risk areas, fulfill documentation requirements, and detect abnormal energy consumption and cost-driving peak demand charges. Through the use of 2Connect, customers have been able to gain better control over property operations and improved decision-making support for future investments and measures.

The company’s business model has focused on providing customized digital solutions for property owners and other stakeholders in the real estate industry. Within the scope of operations, the company has built up a customer register consisting of both companies and housing cooperatives.

The company currently has 24 active customers using the platform. The company continues to receive ongoing inquiries from new customers.

For more information and a comprehensive presentation of the 2Connect platform, see Appendix 1.

The technical development and programming of the 2Connect platform has been conducted in Malaysia through the wholly owned Malaysian subsidiary Sensmaster Sdn. Bhd., which has participated in the development and technical management of the platform. Four people work at Sensmaster, including three developers and one administrator.

Read more about Sensmaster Sdn. Bhd.’s operations at: Sensmaster

Other Development Projects – MyEden

In addition to the 2Connect platform, Free2Move AB has developed the “MyEden” system for a customer. Free2Move AB has built the system, handles all support and further development on behalf of the customer. Free2Move AB does not own the system but operates it under agreement with the customer.

Within the scope of the project, Free2Move AB has conducted development activities in IoT-based (Internet of Things) climate systems for greenhouses through the MyEden development project, primarily targeting the consumer market.

The MyEden project has included the development of technical solutions for intelligent climate control through connection and integration with existing systems. Through the use of open interfaces, the intention has been to enable modernization of existing technical equipment without requiring replacement.

The climate system developed within the MyEden framework enables remote control and monitoring of greenhouse climate through the cloud-based 2Connect platform. The system has been designed to automatically adjust climate control based on factors including current weather conditions, light influx, temperature, and humidity. The system also includes functions for preset climate modes and energy-efficient operation.

Other
The Malaysian subsidiary Sensmaster is included in Free2Move Holding AB’s bankruptcy estate. Other assets offered for sale are included in Free2Move AB’s bankruptcy estate.

Read more about the business on the company’s website Free2Move.

For additional information about Free2Move AB and its operations, as well as access to supplementary documentation, interested parties are welcome to contact the bankruptcy administration through Vanessa Selander at [email protected].

It is possible to schedule a demonstration of the 2Connect platform to gain closer insight into its functionality and areas of application. Interest in such a demonstration should be communicated to Vanessa Selander.

The Business and Its Assets

The bankruptcy estate hereby requests bids on the business operations and assets:
a) Intangible rights
a. The 2Connect platform and associated rights
b. The domains “free2move.se”, “sensmaster.se”, and “free2move.nu”

b) Customer register and similar corporate documents

c) All shares in the Malaysian subsidiary Sensmaster Sdn. Bhd. (0960112P). Alternatively, contact information for relevant personnel can be provided if one only wishes to take over staff.

d) The right (but not the obligation) to enter into the company’s existing agreements, for example with customers, suppliers, and the landlord (subject to the counterparty’s approval). For example, the MyEden development project.

e) Equipment according to Appendix 2

Reservations and information

When acquiring business operations from a bankruptcy estate, employment agreements are not included. If you wish to retain staff, new employment agreements must be signed.

The bankruptcy estate transfers all property in its existing condition. It is the buyer’s responsibility to carry out the necessary inspection of the property in order to determine, for example, the scope of the property and to identify any defects or deficiencies. The bankruptcy estate provides no guarantees regarding the accuracy or completeness of the information provided.

The bankruptcy estate provides no guarantees regarding the possibilities for a buyer to use or dispose of intellectual property rights. Use of transferred intellectual property rights takes place at the buyer’s risk.

A takeover of property covered by agreements relating to, for example, rent, leasing or instalment purchase requires the approval of the counterparty to the respective agreement.

The bankruptcy estate reserves the right to correct any typographical errors or inaccuracies in this tender documentation.

Conduct of the Bidding Process
Bids are requested primarily for the entire business operations and secondarily for parts of the business operations and assets. There are no obstacles to excluding parts of the business assets in one’s bid.

Interested parties are hereby requested to submit written bids, excluding value-added tax, for the entire business operations or parts of the business operations and assets. Bids must be received by the bankruptcy trustee through Vanessa Selander at [email protected] no later than October 21, 2026, at 12:00 PM.

All bids must be financed and payable immediately and must clearly state the bidder’s name and contact details.

The bankruptcy estate reserves the right of free evaluation of received bids as well as the right to sell all or part of the business while the tender process is ongoing and the right to extend the tender period.

For questions about the company and its operations, please contact Vanessa Selander at [email protected] or 070 082 64 17.

Appendices
Appendix 1 – Presentation of the 2Connect platform
Appendix 2 – Equipment
Additional documentation can be provided upon request.

Carler Law Firm and the bankruptcy estate process the personal data used in this bankruptcy document. For more information on Carler Law Firm’s and the bankruptcy estate’s processing of personal data, please see our privacy policy on Carler Law Firm’s website, www.carler.se.

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