Techstep - M&A Summary and Business Overview

Information TechnologyCompany

Techstep M&A Summary

Techstep has acquired 5 companies. It has also divested 3 assets.

Techstep’s largest acquisition to date was in 2017, when it acquired Mytos AS for $15M. Techstep has acquired in 1 US state, and 3 countries. The Company’s most targeted sectors include information technology (40%) and software (40%).

Techstep Business Overview

Where is Techstep headquartered?

Techstep is headquartered in Oslo, Norway.

What is Techstep’s revenue?

Techstep disclosed revenue of 1,089M NOK for 2023 and 1,274M NOK for 2022.

How many employees does Techstep have?

Techstep has 265 employees.

What sector is Techstep in?

Techstep is an information technology company.

When was Techstep founded?

Techstep was founded in 2016.

M&A Summary

M&A Total Activity8
- M&A Buy Activity5
- M&A Sell Activity3
Total Sectors Invested 3
Total Countries Invested 3
M&A Buy/Sell Connections 3

Techstep

Techstep ASA

BrynsallEen 4,
Oslo, 0667
Norway,
+47 91 52 33 37
www.techstep.io

Techstep is a B2B provider of mobility and communications services. Techstep combines device management, software, hardware, and connectivity into managed services and solutions. Techstep was founded in 2016 and is based in Oslo, Norway.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.0/yr)	#	5	-	-	-	-	-	5
Buy (0.0/yr)	vol	$19M						$19M
Sell (0.0/yr)	#	3	-	-	-	-	-	3
								8

Most Recent M&A

Company	Date	Value	Type
Wizor AS	2018-06-26	2M NOK	Add-on Acquisition
Oslo, Norway · www.wizor.com
Conneqted 365 AB	2017-08-15	-	Stake Purchase
Karlstad, Sweden · www.conneqted.se
Mytos AS	2017-02-01	15M NOK	Add-on Acquisition
Slependen,, Norway · www.mytos.no
Apro Tele og Data AS	2017-02-01	2M NOK	Add-on Acquisition
Sandefjord, Norway · www.apro.no
Birstep Technology AB	2016-03-08	-	Divestiture
Stockholm, Sweden
Aptilo Networks AB	2011-01-05	-	Divestiture
Stockholm, Sweden · www.aptilo.com
Service Factory AB	2011-01-04	-	Divestiture
Stockholm, Sweden · www.servicefactory.se
Aramova, Inc.	2006-12-18	-	Add-on Acquisition
San Francisco, California
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Software	2 (40%)	15M (78%)	1 (33%)	-
Information Technology	2 (40%)	2M (12%)	-	-
Internet Software and Services	-	-	2 (67%)	-
Communications	1 (20%)	2M (10%)	-	-
Total	5	$19M	3	-

By Geo

State/Country		Buy	Value	Sell	Value
Sweden		1	-	3	-
Norway		3	19M	-	-
United States		1	-	-	-
	California	1	-	-	-
Domestic		3 (60%)	19M (100%)	-	-
Cross-border		2 (40%)	-	3 (100%)	-
Total		5	$19M	3	-

Deal Values

buy	#	Total
< $100M	3	$19M
TOTAL		$19M
Largest	Mytos AS $15M (2017-02-01)

M&A Connections

		Deals
Divested to
Investor(s)	33%	1 (33%)
Strategic(s)	67%	2 (67%)

Company Summary

SECTOR

Information Technology

Revenue

1,089 15%	2023
1,274 3%	2022
1,305 15%	2021
1,142 1%	2020
1,132 7%	2019
1,064 35%	2018
790	2017
(millions of NOK)	Show More Show Less

Employees

265

Established

2016

Public

Euronext: TECH

Former Name

Birdstep Technology ASA

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Techstep - M&A Summary and Business Overview

Information TechnologyCompany