M&A Deal Summary

Vincit Acquires Avoltus Oy

On November 27, 2017, Vincit acquired software company Avoltus Oy

Acquisition Highlights
  • This is Vincit’s 1st transaction in the Software sector.
  • This is Vincit’s 2nd transaction in Finland.

M&A Deal Summary

Date 2017-11-27
Target Avoltus Oy
Sector Software
Buyer(s) Vincit
Deal Type Add-on Acquisition

Target

Avoltus Oy

Turku, Finland
Avoltus Oy is a software development and application savvy assistant specialist. Avoltus Oy was established in 2002 and is based in Turku, Finland.

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Buyer(S) 1

Buyer

Vincit

Tampere, Finland

Category Company
Founded 2007
Sector Software
Employees320
DESCRIPTION

Vincit is a software development and design company based in Irvine and Palo Alto, California, and Tampere, Helsinki, Turku and Savonlinna, Finland. Company provide software development, service design and ICT outsourcing services. Founded in 2007, Vincit currently employs more than 320 professionals. Ranked first in Europe in the Great Place to Work study, Vincit's success stems from satisfied customers and satisfied employees.


DEAL STATS #
Overall 3 of 3
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Finland M&A 2 of 2
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-12 Linja

Helsinki, Finland

Linja is a provider of UX design, graphics, video production and mobile application development services. Linja was established in 1986 and is based in Helsinki, Finland.

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