M&A Deal Summary

Etteplan Acquires Affra

On May 28, 2024, Etteplan acquired business services company Affra

Acquisition Highlights
  • This is Etteplan’s 1st transaction in the Business Services sector.
  • This is Etteplan’s 1st transaction in Sweden.

M&A Deal Summary
Date 2024-05-28
Target Affra
Sector Business Services
Buyer(s) Etteplan
Deal Type Add-on Acquisition

Target

Affra

Göteborg, Sweden
Affra is a consulting company specializing in software testing, particularly Hardware in the Loop (HIL) testing for the automotive and transport industry. HIL testing ensures that software and hardware development quality assurance is implemented efficiently and safely. Affra is based in Göteborg, Sweden.

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Buyer(S) 1

Buyer

Etteplan

Vantaa, Finland
Category Company
Founded 1983
Sector Engineering
Employees3,331
Revenue 260M EUR (2020)
DESCRIPTION

Etteplan provides industrial equipment engineering and technical product information solutions and services to machine and equipment manufacturers, and small and medium-sized enterprises.

DEAL STATS #
Overall 7 of 8
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 7 of 7
Country (Sweden) 1 of 1
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-08 STRONGIT

Gråsten, Denmark

STRONGIT is a technology services company focusing on product development solutions. STRONGIT was founded in 2010 and is based in Gråsten, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-18 BJIT

Dhaka, Bangladesh

BJIT is a technology solutions provider offering a wide range of services, including software development, IT consulting, and digital transformation solutions to clients worldwide. BJIT is headquartered in Dhaka, Bangladesh.

Buy -
Mergr

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