Divestiture • Business Services

Azets Acquires Solteq s ERP Business

On April 17, 2023, Azets acquired business services company Solteq s ERP Business from Solteq

Acquisition Context
  • This is Azets’ 1st transaction in the Business Services sector.
  • This is Azets’ 1st transaction in Finland.

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M&A Deal Summary

Date April 17, 2023
Target Solteq s ERP Business
Sector Business Services
Buyer(s) Azets
Sellers(s) Solteq
Deal Type Divestiture

Target Company

Solteq s ERP Business

Vantaa, Finland
Solteq's ERP Business serves clients based on Microsoft Dynamics 365 Business Central and LS Retail solutions.
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Buyer Overview 1

Buyer

Azets

Helsinki, Finland

Category Company
Sector Business Services
DESCRIPTION

Azets delivers accounting, tax, audit, business, and advisory services to companies and organizations of all shapes and sizes, public sector enterprises, and high net-worth private clients achieve their personal and business ambitions. Azets is based in Helsinki, Finland.


Deal Context for Buyer #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
Country: Finland 1 of 1
Year: 2023 1 of 1

Seller Profile 1

SELLER

Solteq

Vantaa, Finland

Category Company
Founded 1982
Sector Software
Employees403
Revenue 51M EUR (2024)
DESCRIPTION

Solteq is a provider of software solutions to the logistics industry. Solteq was founded in 1982 and is based in Vantaa, Finland.


Deal Context for Seller #
Overall 2 of 3
Sector: Business Services 1 of 1
Type: Divestiture 2 of 3
Country: Finland 2 of 3
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-05 Analyteq Oy

Vantaa, Finland

Analyteq Oy is a provider of stock replenishment service based on demand forecasting and an analytics service based on supply chain management. Analyteq Oy is headquartered in Vantaa, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-18 Solteq - Healthcare Software Solutions

Vantaa, Finland

Solteq's Healthcare Software Solutions provides healthcare software solutions.

Sell €4M