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M&A Deal Summary

IT-Total Acquires EnvokeIT AB

On August 27, 2020, IT-Total acquired internet software and services company EnvokeIT AB

Acquisition Highlights
  • This is IT-Total’s 1st transaction in the Internet Software and Services sector.
  • This is IT-Total’s 1st transaction in Sweden.

M&A Deal Summary
Date 2020-08-27
Target EnvokeIT AB
Sector Internet Software and Services
Buyer(s) IT-Total
Deal Type Add-on Acquisition

Target

EnvokeIT AB

Bromma, Sweden
EnvokeIT AB is an IT consulting company provides cloud services, digitization and development with operations in Sweden and Poland.

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Buyer(S) 1

Buyer

IT-Total

Solna, Sweden
Category Company
Founded 2011
Sector Information Technology
Employees85
Revenue 260M SEK (2019)
DESCRIPTION

IT-Total is a B2B provider of secure and sustainable IT infrastructure services. The Company offers managed IT, data center and workplace hardware, software licenses, and related IT consultancy services. IT-Total was founded in 2011 and is based in Solna, Sweden.

DEAL STATS #
Overall 1 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Sweden M&A 1 of 3
Year: 2020 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-08 Devinix Solutions AB

Stockholm, Sweden

Devinix Solutions AB is a provider of IP-network, co-location, and IT operations services. Devinix Solutions was established in 2008 and is based in Stockholm, Sweden.

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