Inventory-optimisation and demand-planning software company started by engineers who met at the University of Iceland in 1997, selling to wholesalers, retailers and manufacturers. AGR Dynamics ehf. lists an office on the second floor of Rua do Bolhão 221B in Porto, and the Icelandic company is registered for tax in Portugal under NIF 980792991.
AGR was started by engineers who met while studying at the University of Iceland in 1997. Its software covers inventory optimisation, demand planning and forecasting, and automated ordering for wholesale, retail and manufacturing businesses. The company says it has more than 100 employees and seven offices, and that its operations team and in-house experts work across more than ten countries, including the UK, Iceland, Denmark, Sweden, Norway, Portugal and the USA; its website is published in English, Norwegian, Danish and Swedish.
Portugal is one of the listed offices. AGR’s contact page gives the Porto address as Rua do Bolhão 221B, second floor, 4000-112 Porto, alongside Kópavogur, Copenhagen, Warrington and New York, and its team page has a separate Portugal section. In the Portuguese tax register the Icelandic company, AGR Dynamics ehf., holds NIF 980792991, recorded with an address at Smáratorg 3 in Kópavogur; a nif.pt search on 12 October 2026 found no separate Portuguese company. LS Retail, another Icelandic software company with an office in Porto, lists chairman of the board at AGR Dynamics among the recent roles of its chief executive, Magnus Norddahl.
AGR joins LS Retail as an Icelandic software company working from Porto. For Portuguese distributors, retailers and manufacturers, it is a Nordic inventory-planning vendor with a local office; for the corridor, it is another sign of Porto serving as an operating base for Nordic software firms that sell across Europe.
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