M&A Deal Summary

itm8 Acquires AddPro

On May 18, 2022, itm8 acquired information technology company AddPro from Axcel

Acquisition Highlights
  • This is itm8’s 3rd transaction in the Information Technology sector.
  • This is itm8’s 1st transaction in Sweden.

M&A Deal Summary

Date 2022-05-18
Target AddPro
Sector Information Technology
Buyer(s) itm8
Sellers(s) Axcel
Deal Type Add-on Acquisition

Target

AddPro

Malmö, Sweden
AddPro conducts operations in the IT area Secure & Efficient IT. With a combination of top-ranked consultants, strategic suppliers, selected cloud services, in-house data centers, and 24/7 staffed support, AddPro can provide customers with the best combination of solutions that meet high business requirements. AddPro was founded in 2000 and is based in Malmo, Sweden.

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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 4 of 4
Sector: Information Technology M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Sweden M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Itadel

Ballerup, Denmark

Itadel is a provider of managed hosting solutions in Denmark, specialising in outsourcing of business critical IT operations from own modern datacentres. Itadel is based in Ballerup, Denmark.

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 42 of 49
Sector: Information Technology M&A 5 of 5
Type: Add-on Acquisition M&A Deals 10 of 15
Country: Sweden M&A 7 of 8
Year: 2022 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-18 itm8

Herning, Denmark

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-30 European Sperm Bank

Copenhagen, Denmark

European Sperm Bank has been established to help women and couples fulfill the dream of having a child. European Sperm Bank was founded in 2004 and is based in Copenhagen, Denmark.

Sell -