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  5. itm8 Acquires Miracle 42 A/S

M&A Deal Summary

itm8 Acquires Miracle 42 A/S

On August 12, 2019, itm8 acquired information technology company Miracle 42 A/S from Miracle A/S

Acquisition Highlights
  • This is itm8’s 2nd transaction in the Information Technology sector.
  • This is itm8’s 2nd transaction in Denmark.

M&A Deal Summary
Date 2019-08-12
Target Miracle 42 A/S
Sector Information Technology
Buyer(s) itm8
Sellers(s) Miracle A/S
Deal Type Divestiture

Target

Miracle 42 A/S

Region Hovedstaden, Denmark
Miracle 42 A/S consists of a number of core competencies from Miracle, including specific competencies in databases, hosting, support services, service desk, and managed services. Miracle 42 A/S has 50 employees FTEs from offices in Ballerup and Viby.

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Buyer(S) 1

Buyer

itm8

Herning, Denmark
Category Company
Founded 2003
Sector Information Technology
Employees330
Revenue 400M DKK (2016)
DESCRIPTION

itm8 is a provider of IT outsourcing focused at smaller businesses. itm8 provides services which allow SMEs to move their IT infrastructure and operations into the cloud, as well as providing end user support and consulting as part of a full-service IT offering. itm8 was founded in 2003 and is based in Herning, Denmark.

DEAL STATS #
Overall 2 of 4
Sector: Information Technology M&A 2 of 3
Type: Divestiture M&A Deals 1 of 1
Country: Denmark M&A 2 of 3
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-02 Hostnordic

Aarhus, Denmark

Hostnordic is a web hosting and IT outsourcing company serving B2B customers and a Microsoft partner. Hostnordic was formed in 2006 and is based in Aarhus, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Itadel

Ballerup, Denmark

Itadel is a provider of managed hosting solutions in Denmark, specialising in outsourcing of business critical IT operations from own modern datacentres. Itadel is based in Ballerup, Denmark.

Buy -

Seller(S) 1

SELLER

Miracle A/S

Sjælland, Denmark
Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

Miracle A/S is a specialist in the Oracle platform, delivers high-quality IT projects and IT solutions to both private and public companies from 3 locations around the country.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Denmark M&A 1 of 1
Year: 2019 M&A 1 of 1
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