M&A Deal Summary

Quickbit Acquires Balder Solutions

On July 19, 2021, Quickbit acquired internet software and services company Balder Solutions from BitGate for 3M NOK

Acquisition Highlights
  • This is Quickbit’s 1st transaction in the Internet Software and Services sector.
  • This is Quickbit’s 0th largest (disclosed) transaction.
  • This is Quickbit’s 1st transaction in Norway.

M&A Deal Summary
Date 2021-07-19
Target Balder Solutions
Sector Internet Software and Services
Buyer(s) Quickbit
Sellers(s) BitGate
Deal Type Divestiture
Deal Value 3M NOK

Target

Balder Solutions

Oslo, Norway
Balder Solutions is a Norwegian limited liability company that provides virtual currency services. Balder Solutions is based in Oslo, Norway.

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Buyer(S) 1

Buyer

Quickbit

Stockholm, Sweden
Category Company
Founded 2016
Sector Financial Services
Employees50
DESCRIPTION

Quickbit is a Swedish fintech company that offers solutions for e-merchants to be paid in cryptocurrency and launches solutions for people to easily use cryptocurrency on an everyday basis. Quickbit was founded in 2016 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Norway) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

BitGate

Oslo, Norway
Category Company
Sector Internet Software and Services
DESCRIPTION

BitGate is an operator of mobile wallet for Digital Assets that allows users to buy, sell, secure, and send digital currency to their contacts at the speed of light. BitGate is based in Oslo, Norway.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Norway) 1 of 1
Year (2021) 1 of 1
Mergr

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