Advania completes the acquisition of Visolit
In reference to the press release dated August 10th, 2021, Advania is delighted to announce that the transaction of Visolit is now completed and the ownership is formally transferred.
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.
For more information, please contact:
Mikael Noaksson, CEO, Advania AB
Phone: +46 76 140 00 80
About Advania AB
Advania is a Nordic IT corporation, operating in 27 locations in Sweden, Iceland, Norway, Finland and Denmark. The company focuses on helping customers to improve their performance with innovative use of best available IT platforms and services. Advania serves thousands of corporate customers, multinational enterprises, governments and public institutions, big, small and medium-sized companies in all aspects of society. Advania traces its roots to 1939 when an Icelandic entrepreneur founded an office equipment repair workshop in Reykjavik. In the following decades, three separate branches of IT-companies evolved in three Nordic countries, Iceland, Sweden, and Norway. In 2012 they were braided into one and Advania was formed. For further information, please visit www.advania.com.
About Visolit AS
Visolit is a technology group with a strong geographic presence in the Nordic region, and an established partner for cloud services and digital transformation in the Nordic market. Visolit has a comprehensive portfolio of cloud-based end-to-end services, as well as consulting, security, and integration services. Visolit has extensive experience of providing corporate IT solutions, and cloud services have been part of its DNA from the start. Its history goes all the way back to 1997, when TeleComputing was established. To unite acquired companies under the same name and to create a common identity and culture, Visolit was launched as a new brand in January 2019. For further information, please visit us on www.visolit.no.