December 30, 2020

Time People Group AB (PLC) acquires 100% of the shares of Olingo Consulting AB. Time People Group is a listed company on OMX Nasdaq Stockholm with revenue of SEK +200 mill. Olingo Consulting forecast revenue of SEK 20 mill. and EBIT of SEK 2 mill. for FY2020. “We are pleased to welcome Olingo to the group, which further strengthens our offering in agile transformation and business development,” says Magnus Lönn, CEO of Time People Group. “Becoming part of a specialist consulting group feels like the natural step for us and will create additional growth opportunities for both the company and our employees,” says Ola Källgården, CEO of Olingo Consulting AB. Read more in Media. LNP Corporate Finance advised the Seller.

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Epico-IT acquires Twins Consulting ApS

Epico-IT A/S acquires Twins Consulting ApS. Epico, founded in 2009, is a Danish IT consultancy with offices in Denmark, Sweden, Norway and Poland, and a network of 13,000+ IT specialists. Twins Consulting, established in 2002 and headquartered in Denmark, specializes in headhunting and recruitment of freelance IT professionals for leading clients in the financial sector. This acquisition marks a strategic step in Epico’s ambition to strengthen its position within the financial, pension, and insurance sectors. Twins Consulting will retain its name and continue offering services within IT freelancing and recruitment as part of the Epico group, while gaining access to Epico’s extensive Nordic infrastructure, global specialist network, and broader service portfolio. LNP Corporate Finance advised the seller.