AddPro strengthens ownership structure to enable more rapid expansion. Adelis becomes new majority owner
Since 1 January 2015, when it was acquired by its founders and partners in an MBO, AddPro has had a very strong development to become one of the leading application and cloud integrators and IT outsourcing partners in Sweden. The owners are now taking the next strategic step and are strengthening the current ownership structure by bringing in Adelis Equity as a new partner to continue to develop the business and further increase its growth.
“AddPro is in a very expansive phase. By year-end, the business will have grown by more than 70% over three years, and the number of employees will be approaching 200 people. During approximately eight months of intensive analysis, we have evaluated different alternatives and opportunities for AddPro to continue its successful journey,” says Nicklas Persson, CEO and one of AddPro’s founders. “Throughout this process Adelis stood out as a very agile player with good knowledge and understanding of AddPro’s business and very good knowledge about the IT market in Sweden and our neighbouring countries. These are traits that we, our employees and our customers value highly, and we are truly excited about continuing to develop the business together with Adelis in the Swedish and Nordic markets! We have created a real dream team,” Nicklas Persson continues.
“We are impressed by AddPro’s strong development and the market leading position the company has built in the south of Sweden – very much thanks to its strong culture, skilled management and competent staff. We have an optimistic view of the future development of the Swedish market, where the investment in AddPro constitutes an attractive platform for continued growth,” says Joel Russ at Adelis.
"AddPro has a very strong and well developed service concept and offering that we will now accelerate and offer more customers in the market as we know our concepts strengthen our customers’ competitiveness and ability to realize their respective strategies in order to reach their goals,” says Klas Ljunggren, CTO and one of the founders of AddPro. “With Adelis, we will significantly increase our service development as well as establish a presence in additional strategically important geographic areas,” Klas Ljunggren continues.
Adelis is acquiring slightly more than half the shares in AddPro in order to become a majority owner, while the founders and management will continue to own a large share of the company. An aggressive plan for growth in the Swedish market has been jointly developed.
For further information:
Nicklas Persson, AddPro AB, firstname.lastname@example.org, +46-73-625 75 50
Joel Russ, Adelis Equity, email@example.com, +46-73-543 30 68
The AddPro group is active within the IT Service segment Safe and Efficient IT, and was established in the year 2000. The business is developing very positively, is expanding rapidly and it currently has offices in Malmö (hq), Göteborg, Helsingborg and Kristianstad.
AddPro is one of the leading application and cloud integrators in Sweden. With a combination of top ranked consultants, strategic suppliers, selected cloud services, own data centres and a 24x7 manned service desk, the business can offer the market the best solutions within AddPro’s area of business. The business is expected to during 2017 approach a turnover of SEK 300 million with good profitability, and employ around 200 specialists of which around 170 are technical consultants active in one the company’s two business areas. For more information please visit www.addpro.se.
About Adelis Equity Partners
Adelis is an active partner in creating value at medium sized Nordic companies. Adelis was founded with the goal of building the leading middle market private equity firm in the Nordics. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, acquiring 13 platform investments and making more than 20 add-on acquisitions. Adelis now manages approximately €1 billion in capital. For more information please visit www.adelisequity.com.