Acquisition of Knowledge factory
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June 2015 – Acquisition of Knowledge factory
About the deal
In 2015 Bryan, Garnier & Co advised Advania Sweden in its acquisition of Knowledge Factory Consulting, a specialized IT infrastructure consultancy business with offices in Stockholm, Västerås and Oslo and more than 30 FTE’s.
Knowledge Factory launched the Norwegian branch last year and the company sees great potential for substantial growth in the market going forward.
The acquisition of Knowledge Factory is an important step in Advania’s future development and to cater its clients request for a full-service provider. Knowledge Factory will be integrated in the Advania Group but will remain an independent business area that will initially continue to operate under the Knowledge Factory brand. The CEO of Knowledge Factory, Tobias Öien, will remain as head of the new business area in the Advania Group.
Deal team
Adalsteinn Johannsson | Partner | Reykjavik | Investment Banking | ajohannsson@bryangarnier.com
Dadi Janusson | Director | Reykjavik | Investment Banking | djanusson@bryangarnier.com
About Advania
Advania Hf is an Iceland-based company that provides software, consulting, hardware, information technology operations, hosting, and data center services for corporate clients in the Nordic region. Advania reported revenue of approximately SEK 1.5bn (EUR 159.49m) and has a workforce of more than 1,000 employees.
About Knowledge Factory
Knowledge Factory delivers infrastructure solutions based on the latest cutting edge technologies. Knowledge Factory reported revenue of SEK 25m (EUR 2.66m) in 2014 and has a workforce of 35 employees with three offices in the Nordics.