M&A Deal Summary

Onitio Acquires Powermill Service Group AB

On August 7, 2007, Onitio acquired business services company Powermill Service Group AB from Segulah Advisor AB

Acquisition Highlights
  • This is Onitio’s 1st transaction in the Business Services sector.
  • This is Onitio’s 1st transaction in Finland.

M&A Deal Summary

Date 2007-08-07
Target Powermill Service Group AB
Sector Business Services
Buyer(s) Onitio
Sellers(s) Segulah Advisor AB
Deal Type Merger

Target

Powermill Service Group AB

Helsinki, Finland
Powermill Service Group AB is an electronics aftermarket service companies in the Nordic region. Powermill provides repair services of computers and telecommunication devices.

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Buyer(S) 1

Buyer

Onitio

Kristiansand, Norway

Category Company
Founded 1986
Sector Information Technology
Employees2,086
Revenue 90M EUR (2017)
DESCRIPTION

Onitio supplies installation, support and maintenance of IT and technological equipment throughout the Nordic region. Onitio was founded in 1986 and is based in Kristiansand, Norway.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Merger) 1 of 1
Country (Finland) 1 of 1
Year (2007) 1 of 1

Seller(S) 1

SELLER

Segulah Advisor AB

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 11.1B SEK
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Segulah Advisor AB is a Swedish private equity firm focused on buyouts of mid-sized companies throughout Scandinavia. Segulah seeks profitable companies with defensible market positions, strong development potential, and experienced management. The Firm targets companies with annual revenues upto SEK 2 billion. Segulah Advisor AB was formed in 1994 and is based in Stockholm.


DEAL STATS #
Overall 10 of 40
Sector (Business Services) 2 of 5
Type (Merger) 1 of 2
Country (Finland) 1 of 1
Year (2007) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-04 Kemetyl Group

Stockholm, Sweden

Kemetyl Group is a provider of car care and consumer chemicals sold to retail outlets and gasoline station networks, including well-known own brands such as “T-brand”, as well as specialty chemicals to industry niches.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-21 Previa AB

Stockholm, Sweden

Previa AB is a provider of occupational health services. Previa's services include performing health check-ups, work rehabilitation, assessments and improvement projects relating to ergonomics and work environment, and support in situations of crisis.

Sell -