M&A Deal Summary

Advania Acquires Wise lausnir ehf.

On September 7, 2018, Advania acquired software company Wise lausnir ehf. from AKVA Group ASA

Acquisition Highlights
  • This is Advania’s 2nd transaction in the Software sector.
  • This is Advania’s 4th transaction in Iceland.

M&A Deal Summary

Date 2018-09-07
Target Wise lausnir ehf.
Sector Software
Buyer(s) Advania
Sellers(s) AKVA Group ASA
Deal Type Divestiture

Target

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.

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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 5 of 21
Sector: Software M&A 2 of 2
Type: Divestiture M&A Deals 1 of 3
Country: Iceland M&A 4 of 4
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-20 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.

Buy -
FOLLOWING 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.

Buy -

Seller(S) 1

SELLER

AKVA Group ASA

Bryne, Norway

Category Company
Sector Machinery
Employees690
DESCRIPTION

AKVA Group ASA is a provider of technology and service partner to the aquaculture industry worldwide. The company holds strong, well-known brand names and the product line range from feed barges, steel & plastic cages, feed systems, nets, net cleaning, underwater lights, feed cameras, environmental sensors, production and process control software, workboats, recirculation systems to PE piping etc.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Iceland M&A 1 of 1
Year: 2018 M&A 1 of 1