M&A Deal Summary

itm8 Acquires Hostnordic

On April 2, 2019, itm8 acquired information technology company Hostnordic from VIA equity

Acquisition Highlights
  • This is itm8’s 1st transaction in the Information Technology sector.
  • This is itm8’s 1st transaction in Denmark.

M&A Deal Summary

Date 2019-04-02
Target Hostnordic
Sector Information Technology
Buyer(s) itm8
Sellers(s) VIA equity
Deal Type Add-on Acquisition

Target

Hostnordic

Aarhus, Denmark
Hostnordic is a web hosting and IT outsourcing company serving B2B customers and a Microsoft partner. Hostnordic was formed in 2006 and is based in Aarhus, Denmark.

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Buyer(S) 1

Buyer

itm8

Herning, Denmark

Category Company
Founded 2003
Sector Information Technology
Employees330
Revenue 400M DKK (2016)
DESCRIPTION

itm8 is a provider of IT outsourcing focused at smaller businesses. itm8 provides services which allow SMEs to move their IT infrastructure and operations into the cloud, as well as providing end user support and consulting as part of a full-service IT offering. itm8 was founded in 2003 and is based in Herning, Denmark.


DEAL STATS #
Overall 1 of 4
Sector: Information Technology M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Denmark M&A 1 of 3
Year: 2019 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-12 Miracle 42 A/S

Region Hovedstaden, Denmark

Miracle 42 A/S consists of a number of core competencies from Miracle, including specific competencies in databases, hosting, support services, service desk, and managed services. Miracle 42 A/S has 50 employees FTEs from offices in Ballerup and Viby.

Buy -

Seller(S) 1

SELLER

VIA equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

VIA equity a/s is a private equity firm focused on buyouts and growth capital investments in Northern European companies. VIA can commit up to €35 million per investment and seeks companies generating revenues of €10 to €100 million. VIA will consider investing across a range of sectors, however, the Firm prefers opportunities in the technology, media, and telecom industries. VIA equity was formed in 2006 and is based in Hellerup, Denmark.


DEAL STATS #
Overall 19 of 30
Sector: Information Technology M&A 3 of 5
Type: Add-on Acquisition M&A Deals 10 of 12
Country: Denmark M&A 11 of 19
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-02 Frida

Glostrup, Denmark

Frida is an insurance agent within latent defect house buyer insurances (in Danish “ejerskifteforsikring”) and new build house insurance (in Danish “byggeskadeforsikring”). Frida is based in Glostrup, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 Cego

Aalborg, Denmark

Cego is a software developer and operator of online-based entertainment with a focus on sales, advice, and marketing of real estate. Cego was founded in 2000 and is based in Aalborg, Denmark.

Buy -