Advania acquires CLOUDIO and broadens its offering in Denmark

To further broaden its offering in Denmark, Advania AB (“Advania”) acquires the IT infrastructure, storage and backup specialist CLOUDIO A/S (“CLOUDIO”). Advania will continue to build the highest level of IT-services to help customers on their digital journey. The acquisition underpins Advania’s ambition to become the preferred IT-services provider in Northern Europe with a holistic offering to existing and new customers.

Key transaction highlights

• Advania has reached a definitive agreement to acquire CLOUDIO from management (currently holding 100% of the shares).
• The closing of the transaction is expected during the fourth quarter of 2022, subject to regulatory approvals.
• Advania, with a heritage dating back to its inception in Iceland in 1939, is a leading IT-services provider in Northern Europe with operations in Sweden, Iceland, Norway, UK, Denmark and Finland.
• CLOUDIO is a specialist within IT infrastructure and specialises in backup and storage solutions focusing on the mid to enterprise market in Denmark with cross boarder expansion capabilities.
• The transaction allows Advania to scale through new services in Denmark and continue to build a highly efficient offering within consulting, managed services, product and software sales.

The Advania group aims to become the preferred IT services provider in Northern Europe. Through the acquisition of CLOUDIO, Advania can strengthen its offering to a broader variety of services to both existing and new customers. Furthermore, Advania and CLOUDIO will create a first class workplace for employees, allowing the exceptional talent from both companies to thrive in an entrepreneurial environment with a decentralised model close to customers in the Danish market. The team in CLOUDIO will continue to offer the highest level of services to their existing customers and become a key delivery vertical for Advania in Denmark.

- It’s truly exciting to have Thorkil and the CLOUDIO team joining Advania on our growth journey in Denmark. The acquisition underpins the focus on secure, flexible, and efficient storage and backup solutions in an ever-changing cyber environment. We are pleased to have talented specialists joining our team which ensures that employees can continue to develop and thrive, says Carsten Weis, CEO of Advania Denmark.

Thorkil Hansen will continue to lead the offering to CLOUDIO's existing and new customers.

- We are very proud of what we have built over the last decade in CLOUDIO and are now ready for the next step of our journey. It’s a pleasure to be able to join forces with Advania, who we consider an ideal partner for further growth. CLOUDIO will be a perfect fit with the existing offering at Advania, says Thorkil Hansen, CEO of CLOUDIO.

The majority of the shares in Advania is owned by funds managed by the Private Equity team at Goldman Sachs Asset Management.

For more information, please contact:

CLOUDIO A/S
Thorkil Hansen, CEO CLOUDIO
E-mail: tsh@CLOUDIO.dk
Phone: +45 40 52 07 26

Advania AB
Carsten Weis, CEO Advania Denmark
E-mail: carsten.weis@advania.dk
Phone: +45 40 14 40 00

About Advania AB

Advania is a Northern European IT-services company, with roots back to 1939, operating in Sweden, Norway, UK, Iceland, Finland and Denmark with more than 4,000 employees. The company focuses on helping customers to improve their performance and be a partner in their digital journey, with innovative use of best available IT platforms and services. Advania serves thousands of corporate customers, multinational enterprises, governments and public institutions, large, small and medium-sized companies in all aspects of society. For further information, please visit www.advania.com.

About CLOUDIO A/S
CLOUDIO is a leading independent IT infrastructure services company delivering secure business-critical IT infrastructure solutions and services that accelerate customers’ digital transformation. The services are offered from on-premises data centres and public cloud technology. CLOUDIO work solely with best-of-breed enterprise technology vendors. For further information, please visit https://www.CLOUDIO.dk/.

About Goldman Sachs Asset Management Private Equity
Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of June 30, 2022. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Established in 1986, the Private Equity business within Goldman Sachs Asset Management has invested over $75 billion since inception. We combine our global network of relationships, our unique insight across markets, industries and regions, and the worldwide resources of Goldman Sachs to build businesses and accelerate value creation across our portfolios. For further information, please visit www.goldmansachs.com.

Tags: