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  5. Techstep Acquires Wizor AS

M&A Deal Summary

Techstep Acquires Wizor AS

On June 26, 2018, Techstep acquired information technology company Wizor AS for 19M NOK

Acquisition Highlights
  • This is Techstep’s 2nd transaction in the Information Technology sector.
  • This is Techstep’s 2nd largest (disclosed) transaction.
  • This is Techstep’s 3rd transaction in Norway.

M&A Deal Summary
Date 2018-06-26
Target Wizor AS
Sector Information Technology
Buyer(s) Techstep
Deal Type Add-on Acquisition
Deal Value 19M NOK

Target

Wizor AS

Oslo, Norway
Wizor AS is a provider of encrypted and secure solutions for mobile phones, tablets and other mobile devices. Wizor AS was founded in 2002 and is based in Oslo, Norway.

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Buyer(S) 1

Buyer

Techstep

Oslo, Norway
Category Company
Founded 2016
Sector Information Technology
Employees260
Revenue 1.1B NOK (2024)
DESCRIPTION

Techstep is a B2B provider of mobility and communications services. Techstep combines device management, software, hardware, and connectivity into managed services and solutions. Techstep was founded in 2016 and is based in Oslo, Norway.

DEAL STATS #
Overall 5 of 5
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
Country: Norway M&A 3 of 3
Year: 2018 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-15 Conneqted 365 AB

Karlstad, Sweden

Conneqted 365 AB offers a complete Enterprise Mobility Management (“EMM”) service, including Mobile Security, system design, implementation, mobile device management, maintenance and support.

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