Advania Acquires Visolit from IK Investment Partners
August 10, 2021
Advania AB has reached an agreement with IK Investment Partners for the acquisition of Visolit AS, combining two leading Nordic IT service providers to create a larger full-service IT group. The combined business will have pro forma turnover in excess of SEK 9 billion (2021) and approximately 2,550 employees, with Goldman Sachs Asset Management remaining majority shareholder and IK joining as a minority investor in the merged group.
- Targets
- Visolit AS
- Sellers
- IK VII Fund, Other shareholders
- Platforms
- Advania AB
- Industry
- IT Services
- Location
- Norway
- Transaction Type
- Addon
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