Context
Advania is a leading Nordic IT corporation that dates back to 1939, operating in 27 locations in Sweden, Iceland, Norway, and Denmark.
The company focuses on helping its customers to improve performance with innovative use of the best available IT platforms and services.
The company is currently expanding in the Nordics and has made several acquisitions in recent years. The acquisition of Accountor ICT will strengthen Advania’s position in Finland. Advania has over 80 professionals based in Finland, working on digitalization projects, and managing critical services for infrastructure organizations all over Europe. The divestment of Accountor ICT from the Accountor Group is taking place as part of Accountor’s revised strategy to shift focus towards the group’s core business.
About Advania
Advania is a Nordic IT corporation, operating in 27 locations in Sweden, Iceland, Norway, and Denmark. The company focuses on helping customers to improve their performance with innovative use of best available IT platforms and services. Advania serves thousands of corporate customers, multinational enterprises, governments and public institutions, big, small and medium-sized companies in all aspects of society.
Advania traces its roots to 1939 when an Icelandic entrepreneur founded an office equipment repair workshop in Reykjavik. In the following decades, three separate branches of IT-companies evolved in three Nordic countries, Iceland, Sweden, and Norway. In 2012 they were braided into one and Advania was formed.
About Accountor ICT
Accountor ICT has up until now been part of Accountor Group, a global corporation specialized in software solutions and outsourcing services for finance, HR and ICT. Accountor ICT is a long-line IT company that provides comprehensive business ICT platforms, software and support services. The company was the first to receive the HP DataCenter Specialist certification. Accountor ICT’s monitoring and management services cover both own computer hosts and customer-owned facilities. The company’s ServiceDesk is serving five thousand end-users.
Bryan, Garnier & Co acted as financial advisor for Advania AB on the acquisition of Accountor ICT Oy
Bryan, Garnier & Co acted Financial Advisor to Advania AB on the acquisition of Accountor ICT Oy.
Advania chose Bryan, Garnier & Co as advisor on this transaction due to its long-standing client relationship with the company and its strong connections with the Bryan, Garnier & Co team in the Nordics. Bryan, Garnier & Co has advised Advania on multiple bolt-on transactions in Finland, Norway and Denmark.
Bryan, Garnier & Co assisted Advania in a structured and competitive process with multiple buyers, where Accountor ICT was divested from the Accountor Group, and acquired by Advania.
This marks another transaction in the IT services industry for Bryan, Garnier & Co, following the acquisitions of Itello AS, Vintor Oy and Caperio Holding AB by Advania.
Share