1. Home >
  2. M&A >
  3. Divestiture >
  4. Sweden >
  5. Xlent AB Acquires Vitec Veriba AB

M&A Deal Summary

Xlent AB Acquires Vitec Veriba AB

On July 1, 2016, Xlent AB acquired software company Vitec Veriba AB from Vitec

Acquisition Highlights
  • This is Xlent AB’s 1st transaction in the Software sector.
  • This is Xlent AB’s 1st transaction in Sweden.

M&A Deal Summary
Date 2016-07-01
Target Vitec Veriba AB
Sector Software
Buyer(s) Xlent AB
Sellers(s) Vitec
Deal Type Divestiture

Target

Vitec Veriba AB

Linkoping, Sweden
Vitec Veriba AB is a custom application software development solutions.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Xlent AB

Stockholm, Sweden
Category Company
Founded 1990
Sector Information Technology
DESCRIPTION

Xlent AB is an IT consulting firm that focuses on IT management, digital business solutions and consulting services.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Vitec

Umeå, Sweden
Category Company
Founded 1985
Sector Software
Employees1,660
Revenue 3.3B SEK (2024)
DESCRIPTION

Vitec is a software company that offers industry-specific business applications. Vitec was formed in 1985 and is based in Umeå, Sweden.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 Nice AS

Sandvika, Norway

Nice AS is a development, implementation and operation of fully-integrated application software for insurance companies and associated organisations.

Buy Nkr25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-05 Tietomitta Oy

Espoo, Finland

Tietomitta Oy is a provider of software for supporting waste management in Finland.

Buy -
Mergr

Solution for

Product

Company

Legal