M&A Deal Summary

Acando Acquires e-vita AS

On September 5, 2013, Acando acquired information technology company e-vita AS

Acquisition Highlights
  • This is Acando’s 5th transaction in the Information Technology sector.
  • This is Acando’s 2nd transaction in Norway.

M&A Deal Summary

Date 2013-09-05
Target e-vita AS
Sector Information Technology
Buyer(s) Acando
Deal Type Add-on Acquisition

Target

e-vita AS

Oslo, Norway
e-vita AS provides IT solutions for optimizing business processes and is the market leader in Norway in portals and process solutions based on technology from Oracle. e-vita is also a specialized partner for databases and application grids and was recognized as Oracle Middleware Partner of the year in Norway in 2011 and 2013. In addition, e-vita provides consulting services with expertise in the user experience, project management, system integration and administration.

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Buyer(S) 1

Buyer

Acando

Stockholm, Sweden

Category Company
Sector Business Services
Revenue 2.8B SEK (2018)
DESCRIPTION

Acando is a consulting company whose business concept is to create business value in partnership with its customers by enhancing and streamlining processes, organizations, and digital solutions. Acando is based in Stockholm, Sweden.


DEAL STATS #
Overall 6 of 14
Sector: Information Technology M&A 5 of 9
Type: Add-on Acquisition M&A Deals 6 of 14
Country: Norway M&A 2 of 4
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-05 Bitec Oy

Finland

Bitec Oy develops B2B-applications and services for various mobile platforms and the Web. Bitec has a central area of expertise related to mobile solutions and how to integrate them into corporate business systems in a user-friendly way. Bitec has five consultants, all of which will come to Acando.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Connecta AB

Stockholm, Sweden

Connecta is a consulting firm that achieves sustainable business change and sharpens client competitiveness. The focus is on making issues on management agendas happen; from strategy to execution and lasting results. The firm’s consultants combine business strategy and execution power in Management Consulting, Enterprise Consulting and Digital Consulting with sector know-how and skills in new technology segments. Connecta works closely with its group companies: Tarento for application management and bestshoring, Techta for infrastructure expertise and Titan IT for IT competence maintenance.

Buy -