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M&A Deal Summary

EG A/S Acquires Silkeborg Data AS

On September 29, 2015, EG A/S acquired business services company Silkeborg Data AS from Axcel

Acquisition Highlights
  • This is EG A/S’s 1st transaction in the Business Services sector.
  • This is EG A/S’s 1st transaction in Denmark.

M&A Deal Summary
Date 2015-09-29
Target Silkeborg Data AS
Sector Business Services
Buyer(s) EG A/S
Sellers(s) Axcel
Deal Type Add-on Acquisition

Target

Silkeborg Data AS

Silkeborg, Denmark
Silkeborg Data has been developing payroll and HR administrative solutions for Denmark’s public sector for more than 40 years and has customer relations dating right back to the start. Today Silkeborg Data administers the payroll for 85% of employees in regions and 30% of those in local governments. Silkeborg Data has annual revenue of approx. DKK 250 million and more than 200 employees.

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Buyer(S) 1

Buyer

EG A/S

Herning, Denmark
Category Company
Founded 1977
Sector Information Technology
Employees910
Revenue 140M EUR (2013)
DESCRIPTION

EG A/S is an IT service company. EG supplies IT solutions and consultancy services for the Scandinavian market, primarily Denmark. The core of product portfolio is ERP solutions for selected industry verticals. EG offers standard MBS / SAP based ERP solutions, development of special IT solutions as well as management consultancy services. EG was founded in 1977 and is based in Herning, Denmark.

DEAL STATS #
Overall 1 of 6
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 6
Country: Denmark M&A 1 of 2
Year: 2015 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-03 Lindbak Retail Systems AS

Oslo, Norway

Lindbak Retail Systems AS provides business-critical IT solutions to ambitious retail chains within the areas of grocery, supermarkets, convenience and specialist trade. Lindbak Retail Systems was established in 1994 and is based in Oslo, Norway.

Buy -

Seller(S) 1

SELLER

Axcel

Copenhagen, Denmark

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 4.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Axcel Management AS is a private equity firm focused on mid-market buyouts in Denmark and Sweden. Axcel primarily seeks companies with a strong Danish or Swedish base and international potential. The Firm looks to invest in companies with revenues of DKK 250 million (€ 35 million) to DKK 4 billion (€ 535 million). Axcel prefers majority positions. Axcel Management A/S was formed in 1994. The Firm is based in Copenhagen with an additional office in Stockholm.

DEAL STATS #
Overall 27 of 49
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 15
Country: Denmark M&A 21 of 36
Year: 2015 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-28 Conscia

Brondby, Denmark

Conscia provides IT infrastructure solutions and 24/7 network, data centre and mobility support. Conscia builds and services some of Europe’s most complex IT security and networking infrastructures, and notably is recognised as one of the strongest integrators of Cisco solutions. Conscia was formed in 2003 and is based in Brondby, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-15 TCM Group

Holstebro, Denmark

TCM Group is a manufacturer of kitchen, bathroom, utility room and cloakroom furnishings solutions. TCM Group was founded in 2015 and is based in Holstebro, Denmark.

Sell -
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