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  5. Innofactor Acquires Lumagate AS

M&A Deal Summary

Innofactor Acquires Lumagate AS

On October 10, 2016, Innofactor acquired information technology company Lumagate AS

Acquisition Highlights
  • This is Innofactor’s 3rd transaction in the Information Technology sector.
  • This is Innofactor’s 1st transaction in Norway.

M&A Deal Summary
Date 2016-10-10
Target Lumagate AS
Sector Information Technology
Buyer(s) Innofactor
Deal Type Add-on Acquisition

Target

Lumagate AS

Lysaker, Norway
Lumagate focuses on providing cloud-based solutions using Microsoft technologies, which support customers’ business processes. The clientele comprises of over 300 customers in several fields, including the public sector. The company has over 70 eager and motivated top professionals in six locations in Sweden, Norway and Denmark.

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Buyer(S) 1

Buyer

Innofactor

Espoo, Finland
Category Company
Founded 2000
Sector Information Technology
Employees583
Revenue 80M EUR (2023)
DESCRIPTION

Innofactor is a provider of cloud solutions and digital transformation. Innofactor was founded in 2000 and is based in Espoo, Finland.

DEAL STATS #
Overall 6 of 6
Sector: Information Technology M&A 3 of 3
Type: Add-on Acquisition M&A Deals 5 of 5
Country: Norway M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-22 Cinteros AB

Stockholm, Sweden

Cinteros AB is one of the major Swedish IT services companies focusing on providing Microsoft Dynamics CRM -based solutions supporting the entire business process in selected industries such as labor unions and other membership organizations, service companies, educational organizations, real estate, construction and the public sector.

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