M&A Deal Summary

DXC Technology Acquires EG A/S

On January 25, 2019, DXC Technology acquired information technology company EG A/S from Axcel

Acquisition Highlights
  • This is DXC Technology’s 20th transaction in the Information Technology sector.
  • This is DXC Technology’s 2nd transaction in Denmark.

M&A Deal Summary

Date 2019-01-25
Target EG A/S
Sector Information Technology
Buyer(s) DXC Technology
Sellers(s) Axcel
Deal Type Add-on Acquisition

Target

EG A/S

Herning, Denmark
website
EG A/S is an IT service company. EG supplies IT solutions and consultancy services for the Scandinavian market, primarily Denmark. The core of product portfolio is ERP solutions for selected industry verticals. EG offers standard MBS / SAP based ERP solutions, development of special IT solutions as well as management consultancy services. EG was founded in 1977 and is based in Herning, Denmark.

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Buyer(S) 1

Buyer

DXC Technology

Ashburn, Virginia, United States

website


Category Company
Sector Information Technology
Employees130,000
Revenue 16.3B USD (2022)
DESCRIPTION

DXC Technology is an end-to-end IT services company, serving nearly 6,000 private and public sector clients from a diverse array of industries across 70 countries. The company's technology independence, global talent and extensive partner network help clients harness the power of innovation to thrive on change and guide their digital transformation journeys.


DEAL STATS #
Overall 41 of 44
Sector (Information Technology) 20 of 23
Type (Add-on Acquisition) 38 of 41
Country (Denmark) 2 of 2
Year (2019) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 Luxoft Holding

Zug, Switzerland

Luxoft Holding, Inc. is a provider of software development services and innovative IT solutions to global clients. Luxoft Holding was founded in 2000 and is based in Zug, Switzerland.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-21 Syscom

Oslo, Norway

Syscom is an independent provider of service management and security consulting and solutions. Syscom was founded in 1987 and is based in Oslo, Norway.

Buy -

Seller(S) 1

SELLER

Axcel

Copenhagen, Denmark

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Axcel Management AS is a private equity firm focused on mid-market buyouts in Denmark and Sweden. Axcel primarily seeks companies with a strong Danish or Swedish base and international potential. The Firm looks to invest in companies with revenues of DKK 250 million (€ 35 million) to DKK 4 billion (€ 535 million). Axcel prefers majority positions. Axcel Management A/S was formed in 1994. The Firm is based in Copenhagen with an additional office in Stockholm.


DEAL STATS #
Overall 36 of 43
Sector (Information Technology) 3 of 5
Type (Add-on Acquisition) 8 of 11
Country (Denmark) 27 of 32
Year (2019) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-10 Mita-Teknik

Rodkaersbro, Denmark

Mita-Teknik is a manufacturer of control concepts for the wind turbine industry and other industries. The company offers a unique control concept for the wind turbine industry which can be tailored to the individual customer’s needs and spans the control, management and monitoring of both individual wind turbines and entire wind farms. Mita-Teknik was founded in 1969 and is based in Rodkaersbro, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 Conscia

Brondby, Denmark

Conscia provides IT infrastructure solutions and 24/7 network, data centre and mobility support. Conscia builds and services some of Europe’s most complex IT security and networking infrastructures, and notably is recognised as one of the strongest integrators of Cisco solutions. Conscia was formed in 2003 and is based in Brondby, Denmark.

Sell -