Vitec - M&A Summary and Business Overview

SoftwareCompany

Vitec M&A Summary

Vitec has acquired 8 companies. It has also divested 1 asset.

Vitec’s largest acquisition to date was in 2015, when it acquired Datamann A/S for $7M. Vitec has acquired in 4 countries. The Company’s most targeted sectors include software (75%) and internet software and services (25%).

Vitec Business Overview

Where is Vitec headquartered?

Vitec is headquartered in Umeå, Sweden.

What is Vitec’s revenue?

Vitec disclosed revenue of 1,313M SEK for 2020 and 1,156M SEK for 2019.

How many employees does Vitec have?

Vitec has 975 employees.

What sector is Vitec in?

Vitec is a software company.

When was Vitec founded?

Vitec was founded in 1985.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity8
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 1

Vitec

Vitec Software Group AB

Tvistevägen 47,
Umeå, 907 19
Sweden,
+46 90 15 49 00
www.vitecsoftware.com

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


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 8 - - - - - 8
vol $12M $12M
Sell (0.0/yr) # 1 - - - - - 1
  9

Most Recent M&A

Company Date Value Type
Futursoft OY 2016-09-07 - Add-on Acquisition
Espoo, Finland · www.futursoft.fi
Tietomitta Oy 2016-07-05 - Add-on Acquisition
Espoo, Finland · www.tietomitta.fi
Vitec Veriba AB 2016-07-01 - Divestiture
Linkoping, Sweden
Nice AS (Norwegian Insurance Computer Environment) 2015-12-07 3M NOK Add-on Acquisition
Sandvika, Norway · www.nice.no
Infoeasy AS 2015-07-02 2M NOK Add-on Acquisition
Bergen, Norway · www.infoeasy.no
Datamann A/S 2015-07-01 7M DKK Add-on Acquisition
Soborg, Denmark · www.datamann.dk
Aloc A/S 2014-06-30 - Add-on Acquisition
Odense, Denmark
AutoData Norge AS 2014-04-24 - Add-on Acquisition
Oslo, Norway · www.autodata.no
Vitec Veriba AB 2006-06-01 - Add-on Acquisition
Linkoping, Sweden
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 6 (75%) 9M (74%) 1 (100%) -
Internet Software and Services 2 (25%) 3M (26%) - -
Total 8 $12M 1 -

By Geo

State/Country Buy Value Sell Value
Norway 3 5M - -
Denmark 2 7M - -
Finland 2 - - -
Sweden 1 - 1 -
Domestic 1 (13%) - 1 (100%) -
Cross-border 7 (88%) 12M (100%) - -
Total 8 $12M 1 -

Deal Values

buy # Total
< $100M 3 $12M
TOTAL $12M
Largest Datamann A/S
$7M (2015-07-01)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Software

Revenue

1,313   14% 2020
1,156   14% 2019
1,017   19% 2018
855   2017
(millions of SEK) Show More Show Less

Employees

975

Established

1985

Public

Stockholm Stock Exchange: VIT

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