Advania AB (“Advania”), one of the leading full-service IT providers in the Nordics has finalized the transaction with IK Investment Partners (“IK”) to acquire 100% of the shares in Visolit AS (“Visolit”), a leading provider of corporate IT solutions and cloud services across Sweden and Norway.
Goldman Sachs Asset Management will continue to be the majority shareholder of the Advania group, whilst the IK IX Fund will join as a new minority shareholder in the combined group post-closing, forming a strong new partnership with in-depth Nordic IT-service expertise.
The combined group will have a turnover in excess of SEK 9 billion, approximately 2,550 employees and will leverage the expertise of both Advania and Visolit to offer a broad and deep range of compelling IT services tailored to each customer. The aim is to create the preferred Nordic IT services provider, fueled by exceptional talent from both companies to thrive in an entrepreneurial environment with a decentralized model close to the customer.
“It’s great to finalize the transaction with Visolit and its owners. Our focus now is to welcome all new employees and customers and for the combined entity to continue the journey as the preferred Nordic IT service provider“ says Mikael Noaksson, CEO of Advania.