M&A Deal Summary

Sitowise Acquires Ficonic Solutions Oy

On August 11, 2020, Sitowise acquired internet software and services company Ficonic Solutions Oy from Midinvest Management Oy

Acquisition Highlights
  • This is Sitowise’s 1st transaction in the Internet Software and Services sector.
  • This is Sitowise’s 3rd transaction in Finland.

M&A Deal Summary
Date 2020-08-11
Target Ficonic Solutions Oy
Sector Internet Software and Services
Buyer(s) Sitowise
Sellers(s) Midinvest Management Oy
Deal Type Add-on Acquisition

Target

Ficonic Solutions Oy

Jyväskylä, Finland
website
Ficonic Solutions Oy is focused on developing software products for automotive and offers software development services for its customers. Ficonic Solutions was formed in 2014 and is based in Jyväskylä, Finland.

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Buyer(S) 1

Buyer

Sitowise

Espoo, Finland

website

Category Company
Founded 1976
Sector Construction
Employees2,200
Revenue 200M EUR (2022)
DESCRIPTION

Sitowise is a building and infrastructure construction consultancy company, that provides a comprehensive set of design, expert, and digital services. Sitowise was founded in 1976 and is based in Espoo, Finland.

DEAL STATS #
Overall 3 of 3
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Finland) 3 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-09 Dimenteq Oy

24240, Finland

Dimenteq Oy is an IT service company specialised in developing and implementing GIS solutions. The company provides expert services, information system solutions and continuous services that support business operations and open new growth opportunities for both public and private customers. Founded in 2007, the company employs 37 experts in Helsinki, Salo and Turku.

Buy -

Seller(S) 1

SELLER

Midinvest Management Oy

Investor Investor Investor

website

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Midinvest Management Oy is a private equity investment firm focused on acquiring and providing growth capital to Finnish companies. The Firm looks to invest €1 to €30 million per transaction and will consider majority or minority positions. Midinvest Management Oy was established in 2001 and is headquartered in Jyväskylä.

DEAL STATS #
Overall 13 of 13
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 7 of 7
Country (Finland) 13 of 13
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-14 Nordic Drones

Muurame, Finland

Nordic Drones offer specially designed and manufactured drones that are made for demanding professional use. Nordic Drones provide customers with complete solutions for technical aerial photography as well as mapping, measuring, inspection and monitoring tasks. Today the company manufacture copters and camera mounts from carbon fiber and titanium. Nordic Drones was founded in 2011 and is based in Muurame, Finland.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 Woolman

Jyväskylä, Finland

Woolman is a Shopify Plus agency in the territory of the European Union serving customers including Nanso, Pentik, Kalevala Koru, QT, Vallila, and Gugguu. Woolman was formed in 2017 and is based in Jyväskylä, Finland.

Buy -
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