M&A Deal Summary

Co-native Acquires Retune

On November 12, 2024, Co-native acquired information technology company Retune from Sobro

Acquisition Highlights
  • This is Co-native’s 3rd transaction in the Information Technology sector.
  • This is Co-native’s 3rd transaction in Sweden.

M&A Deal Summary

Date 2024-11-12
Target Retune
Sector Information Technology
Buyer(s) Co-native
Sellers(s) Sobro
Deal Type Add-on Acquisition

Target

Retune

Solna, Sweden
Retune builds on the insight the IT services of the future need to be scalable and automated, but also supported by swift and personal support. With public cloud services as the foundation and a deep knowledge within primarily Microsoft technology, Retune has created a service offering and delivery model that provides its customers with an efficient and secure IT environment, that is also future-proof. Retune was founded in 2011 and is based in Solna, Sweden.

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Buyer(S) 1

Buyer

Co-native

Stockholm, Sweden

Category Company
Founded 2022
Sector Information Technology
Employees80
Revenue 100M SEK (2021)
DESCRIPTION

Co-native is a cloud services group, that offers solutions for cloud and digital transformation. Co-native was founded in 2022 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Sweden M&A 3 of 3
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-26 Elastic Mobile

Lund, Sweden

Elastic Mobile is an AWS-certified cloud engineering company that provides cloud migration, cloud optimization, digital transformation, and cloud security. Elastic Mobile was formed in 2009 and is based in Lund, Sweden.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Sobro is a private investment firm focused on growth-oriented companies in Sweden. The Firm is a generalist investor, looking to partner with founders and management teams in providing capital as well as strategic/operational expertise in pursuing growth opportunities. Sobro was established in 2007 and is headquartered in Stockholm.


DEAL STATS #
Overall 4 of 7
Sector: Information Technology M&A 4 of 4
Type: Add-on Acquisition M&A Deals 2 of 4
Country: Sweden M&A 4 of 7
Year: 2024 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-30 Vinnergi

Linkoping, Sweden

Vinnergi is a Swedish engineering consultancy company that supports clients in the telecom, energy, and construction industries in building a sustainable societal infrastructure. With consultancy services covering the entire project lifecycle and a synergistic offering of hardware, software, and recruitment, Vinnergi operates as a full-service provider to its clients. Vinnergi is based in Linkoping, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-05 Dafo Vehicle

Tyreso, Sweden

Dafo Vehicle supplies fire detection and suppression systems for buses and coaches, mining and construction equipment, forestry and waste handling equipment as well as material and cargo handling. Dafo Vehicle was founded in 1919 and is based in Tyreso, Sweden.

Sell -