Dustin strengthens the position within SMB in Finland through acquisition
The Swedish online IT-partner Dustin has signed an agreement to acquire Finnish Chilit Oy that is specialised in products, services and solutions for the SMB-segment.
Chilit has a broad IT-offering that is combined with a strong sales force and a growing share of recurring offering to small and medium sized companies.
- Chilit complements Dustin in a very good way, combining products with services to deliver smart IT-solutions to small and medium sized companies. The acquisition strengthens our position in the SMB-segment and we see opportunities for great synergies with our existing operations, said Alexandra Drevenlid, EVP Services & Solution Nordic.
The company was founded in 2010 and had revenues of EUR 33.7 million in 2018. They have around 60 employees and offices in Helsinki and Turku. Chilit is acquired from a private equity fund managed by Sentica Partners Oy, the management and a group of employees.
- As a part of Dustin we will be able to continue to develop as a full service partner and will benefit from Dustin’s experience of developing service offerings, said Kimmo Juuti CEO of Chilit.
Chilit will operate under its own brand until further notice and the management will stay with the company. The acquisition is depending on approval from the Finnish competition authority, the decision is expected within 30 days.
The acquisition is expected to have marginal impact on Dustin’s earnings per share in the current financial year.
For further information, please contact:
Eva Ernfors, Head of Information: email@example.com, +46 702 58 62 94
Dustin is a leading online based IT-partner with operations in the Nordics and the Netherlands. The Company offers IT products with associated services and solutions to companies, the public sector and private individuals with a main focus on small and medium-sized companies. Dustin functions as a bridge between the manufacturers’ wide-ranging offerings and customer requirements. The Company offers some 255,000 products with associated services where Dustin’s employees support customers in finding the appropriate solution.
Dustin has more than 1.500 employees. Sales for the 2017/18 financial year amounted to SEK 10.3 billion. More than 90 per cent of Dustin’s income derives from the corporate market. Dustin Group has been listed on Nasdaq Stockholm since 2015 and has its head office in Nacka, Stockholm.