M&A Deal Summary

Advania Acquires 3 Step IT Group Oy - Front End Services

On July 11, 2022, Advania acquired information technology company 3 Step IT Group Oy - Front End Services from 3stepIT

Acquisition Highlights
  • This is Advania’s 11th transaction in the Information Technology sector.
  • This is Advania’s 3rd transaction in Finland.

M&A Deal Summary
Date 2022-07-11
Target 3 Step IT Group Oy - Front End Services
Sector Information Technology
Buyer(s) Advania
Sellers(s) 3stepIT
Deal Type Divestiture

Target

3 Step IT Group Oy - Front End Services

Helsinki, Finland
3 Step IT Group Oy - Front End Services comprises warehouse management, configuration, installation, delivery, and ordering.

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Buyer(S) 1

Buyer

Advania

Stockholm, Sweden
Category Company
Sector Software
DESCRIPTION

Advania is a provider of software, consulting, hardware, information technology operations, hosting, and data center services. Company pride ourselves 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 STATS #
Overall 15 of 20
Sector (Information Technology) 11 of 16
Type (Divestiture) 2 of 3
Country (Finland) 3 of 3
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-25 eXspend

Lillestrøm, Norway

eXspend is a professional services company within IT services with expertise in strategic consulting, project management, software procurement, and change- and organizational development. eXspend provides IT consultants who specialize in future-oriented technology, cloud solutions, and modern operating models. eXspend was founded in 2018 and is based in Lillestrøm, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 Cloudio

Vanløse, Denmark

Cloudio is an enterprise-grade solution provider in the areas of IoT, supplier collaboration, and financial statement analysis. Cloudio is based in Vanløse, Denmark.

Buy -

Seller(S) 1

SELLER

3stepIT

Helsinki, Finland
Category Company
Founded 1997
Sector Information Technology
Employees355
Revenue 676M EUR (2018)
DESCRIPTION

3stepIT is an international service company specializing in the management of the acquisition, use, and replacement of technology and other fixed assets. The company facilitates and improves the efficiency of the management of fixed assets within companies and organisations. 3stepIT provides a sensible management model, consisting of leasing, an asset register that produces versatile information and reports, and environmentally friendly replacement. 3stepIT was founded in 1997 and is based in Helsinki, Finland.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
Country (Finland) 1 of 1
Year (2022) 1 of 1
Mergr

Product

Company

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