Add-on Acquisition • Information Technology

Cinia Acquires Kilosoft Group Oy

On November 26, 2014, Cinia acquired information technology company Kilosoft Group Oy from Midinvest Management Oy

Acquisition Context
  • This is Cinia’s 1st transaction in the Information Technology sector.
  • This is Cinia’s 1st transaction in Finland.

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M&A Deal Summary

Date November 26, 2014
Target Kilosoft Group Oy
Sector Information Technology
Buyer(s) Cinia
Sellers(s) Midinvest Management Oy
Deal Type Add-on Acquisition

Target Company

Kilosoft Group Oy

Jyvaskyla, Finland
Kilosoft Group Oy is a provider of information technology consulting, software development and network management solutions.
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Buyer Overview 1

Buyer

Cinia

Helsinki, Finland

Category Company
Founded 1998
Sector Communications
DESCRIPTION

Cinia is involved in designing and operating intelligent connectivity and ICT solutions to IoT and Cloud. Cinia was founded in 1998 based is based in Helsinki, Finland.


Deal Context for Buyer #
Overall 1 of 1
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Finland 1 of 1
Year: 2014 1 of 1

Seller Profile 1

DESCRIPTION

Midinvest Management Oy is a private equity investment firm focused on acquiring and providing growth capital to Finnish companies. The Firm looks to invest €1 to €30 million per transaction and will consider majority or minority positions. Midinvest Management Oy was established in 2001 and is headquartered in Jyväskylä.


Deal Context for Seller #
Overall 6 of 13
Sector: Information Technology 1 of 2
Type: Add-on Acquisition 2 of 7
Country: Finland 6 of 13
Year: 2014 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-09 Suomen Kotidata

Jyväskylä, Finland

Suomen Kotidata is a information technology support service company involved in providing computers and other home entertainment electronics, support and training services to households and small businesses. Suomen Kotidata was founded in 2008 and is based in Jyväskylä, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Pisla Oy

Viitasaari, Finland

Pisla Oy is a manufacturer and importer of instance small specialty hardware, ventilation equipment, bathroom accessories and fireplace and furnishing products.

Sell -