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M&A Deal Summary

Exsitec Acquires Vitari

On June 2, 2021, Exsitec acquired software company Vitari for 125M NOK

Acquisition Highlights
  • This is Exsitec’s 1st transaction in the Software sector.
  • This is Exsitec’s largest (disclosed) transaction.
  • This is Exsitec’s 1st transaction in Norway.

M&A Deal Summary
Date 2021-06-02
Target Vitari
Sector Software
Buyer(s) Exsitec
Deal Type Add-on Acquisition
Deal Value 125M NOK

Target

Vitari

Hvalstad, Norway
Vitari provides consulting and consulting services such as analysis of business processes, software implementation, project management, support, and management of business systems within ERP, HRM, and CRM. In addition, Vitari develops integrations that enable the connection between pre-systems / industry solutions and ERP systems for smooth and automated data flow. Vitari was founded in 2002 and is based in Hvalstad, Norway.

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Buyer(S) 1

Buyer

Exsitec

Linköping, Sweden
Category Company
Founded 2000
Sector Software
Employees600
Revenue 811M SEK (2024)
DESCRIPTION

Exsitec is a provider of the business system software, including ERP, business intelligence and mobile solutions for medium-sized companies. Exsitec was established in 2000 and is based in Linköping, Sweden.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 1
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