M&A Deal Summary

Advania Acquires Hi5

On February 25, 2021, Advania acquired information technology company Hi5

Acquisition Highlights
  • This is Advania’s 3rd transaction in the Information Technology sector.
  • This is Advania’s 2nd transaction in Sweden.

M&A Deal Summary

Date 2021-02-25
Target Hi5
Sector Information Technology
Buyer(s) Advania
Deal Type Add-on Acquisition

Target

Hi5

Umea, Sweden
Hi5 is a provider of IT solutions. Hi5 is based in Umea, Sweden.

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Buyer(S) 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 STATS #
Overall 7 of 21
Sector: Information Technology M&A 3 of 16
Type: Add-on Acquisition M&A Deals 5 of 17
Country: Sweden M&A 2 of 4
Year: 2021 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-18 Kompetera A/S

Herlev, Denmark

Kompetera A/S is a Danish-owned IT company that specializes in IT infrastructure, integration, and Managed Services. The business requires a high degree of security, fast responsiveness, and new services. Users demand mobility, freedom of work and access to data.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Genia

Solrød, Denmark

Genia is providing IT products, services, and consulting across the three business areas: IT Operations & Support, Cloud & Hosting, and On-premises IT. Genia focuses on delivering managed services on modern hyper converging IT infrastructure (HCI) based on HPE SimpliVity design and technology. With strong competence within Microsoft 365 and Azure, Genia is advising and assisting clients with license optimization, security, and efficient deployment of Microsoft 365. Genia was founded in 2008 and is based in Solrød, Denmark.

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