Advania acquires RTS in Sweden

To further strengthen its offerings in Sweden, Advania AB ("Advania") is acquiring RTS Group AB ("RTS"). The acquisition of RTS will strengthen Advania's capability to execute large-scale digital transformation projects and the managed services offering for both existing and new customers. The acquisition aligns with Advania's goal of becoming the preferred IT-services provider in Northern Europe.

Key transaction highlights

• Advania has entered into a definitive agreement to acquire 100% of the shares in RTS from ShortCap and management.
• The transaction is expected to close during Q4 2023, pending regulatory approval.
• Advania is the leading IT-services providers for the mid-market in Northern Europe, with operations in Sweden, Norway, the UK, Iceland, Finland, and Denmark.
• RTS is a Swedish, privately-owned IT services company specializing in large digital transformation projects and managed services. RTS also offers hardware and licenses to meet the comprehensive IT needs of their customers.
• The acquisition enables Advania to expand its existing services and introduce new services to clients in Sweden.

With the acquisitions of RTS, Advania Sweden will enhance its offerings in transformation services, managed services, and VAR for both existing and new customers. Moreover, Advania and RTS aim to create an exceptional workplace, allowing talent from both companies to excel in a decentralized, customer-centric environment.

"It's truly exciting to have the entire RTS team join Advania on our growth journey in Sweden. This acquisition emphasizes our goal of becoming the preferred IT services provider and our ambition to help create sustainable value for our customers in their digital transformations," says Tomas Wanselius, CEO of Advania Sweden.

"We're proud of the robust company and culture we've built over the years and are thrilled to combine forces with Advania, a company that shares our focus on culture, customer intimacy, and growth," says Urban Berlinde, CEO of RTS.

Advania AB
Tomas Wanselius, CEO Advania Sweden
E-mail: tomas.wanselius@advania.com
Phone: +46 70 454 35 24

RTS Group AB
Urban Berlinde, CEO RTS Group AB
E-mail: urban.berlinde@rts.se
Phone: +46 70 896 50 27

About Advania AB

Advania is “The tech company with people at heart,” operating across Sweden, Norway, Iceland, Finland, Denmark, and the UK. With a team of over 5,000 talents, we offer managed services, hardware, software, and professional services to clients in both private and public sectors, primarily in the mid-market. Our main goal isn't just about technology; it's about empowering people to create sustainable value. By establishing lasting relationships, utilizing leading technologies, providing modern platform solutions, and fostering strategic partnerships, we're shaping the future IT landscape. Advania is proudly backed by funds managed by the Private Equity team at Goldman Sachs Asset Management.

For further information, please visit www.advania.com

About RTS Group AB

RTS is an advisory partner with expertise in IT infrastructure and digitalization. We are a team of 190 employees with offices in Stockholm, Malmö, Helsingborg, and Örebro. With deep expertise in innovative technology and strategic partnerships with leading IT vendors, we enable companies and organizations to succeed in their digital transformation. RTS's comprehensive offering in IT infrastructure consists of four business units: RTS Professional Services, RTS Solutions, RTS Technology Platforms, and RTS Cloud, and together we deliver business value tailored to our clients' unique digitalization needs.

For further information, please visit www.rts.se 

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

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