Add-on Acquisition • Software

Advania Acquires HugurAx

On January 20, 2012, Advania acquired software company HugurAx

Acquisition Context
  • This is Advania’s 1st transaction in the Software sector.
  • This is Advania’s 3rd transaction in Iceland.

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M&A Deal Summary

Date January 20, 2012
Target HugurAx
Sector Software
Buyer(s) Advania
Deal Type Add-on Acquisition

Target Company

HugurAx

Reykjavík, Iceland
HugurAx is a software solution company provides services in the fields of business and financial solutions, management information systems, and software solutions.
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Buyer Overview 1

Buyer

Advania

Stockholm, Sweden

Category Company
Sector Software
Employees3,956
DESCRIPTION

Advania is a provider of software, consulting, hardware, information technology operations, hosting, and data center services. The company specializes in providing customers with a diverse but integrated range of solutions and services, a competent and innovative professional staff, and proven managerial skills. Advania is based in Stockholm, Sweden.


Deal Context for Buyer #
Overall 4 of 21
Sector: Software 1 of 2
Type: Add-on Acquisition 3 of 17
Country: Iceland 3 of 4
Year: 2012 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-20 Kerfi AB

Stockholm, Sweden

Kerfi AB is a specialist in technical infrastructure.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-07 Wise lausnir ehf.

Reykjavík, Iceland

Wise is an Icelandic IT company that currently employs around 80 specialists in software development, consultation and services. Wise has been among the most prominent Icelandic vendors for Microsoft Dynamics NAV business software. The company provides custom solutions for various specialised services such as local councils, the fishing industry and financial services.

Buy -

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