M&A Deal Summary

Sbanken Acquires Quantfolio ASA

On March 23, 2017, Sbanken acquired software company Quantfolio ASA

Acquisition Highlights
  • This is Sbanken’s 1st transaction in the Software sector.
  • This is Sbanken’s 1st transaction in Norway.

M&A Deal Summary

Date 2017-03-23
Target Quantfolio ASA
Sector Software
Buyer(s) Sbanken
Deal Type Add-on Acquisition

Target

Quantfolio ASA

Bergen, Norway
Quantfolio ASA is a developer of a machine learning software for selecting the best savings products through a quantitative approach. By applying AI and algorithms on historical financial data, The company offer consulting and development for banks who wish to implement dynamic portfolios which regularly chooses the best products for their customers.

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Buyer(S) 1

Buyer

Sbanken

Bergen, Norway

Category Company
Founded 2000
Sector Financial Services
Employees333
Revenue 1.9B NOK (2020)
DESCRIPTION

Sbanken is an independent online bank in Nordics. Sbanken offers a comprehensive range of financial products and services to individuals and households in Norway within payments and card services, deposit-based savings, investment products, long-term and short-term loans. Sbanken was founded in 2000 and is based in Bergen, Norway.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-23 Skandiabanken Bilfinans AS

Fyllingsdalen, Norway

Skandiabanken Bilfinans AS is a provider of car financing services in Norway and Sweden. The business today comprises some 115,000 customer contracts and includes an aggregate credit portfolio of approximately SEK 13 billion.

Sell kr2.3B