May 24, 2021

AddPro AB acquires IT Advisor Sweden AB. AddPro, estab. in 2000, with offices in Malmö, Stockholm, Gothenburg, Helsingborg, and Kristianstad, provides cloud, secure and efficient IT-services. AddPro is owned by the PE-fund Axcel Management with EUR 2.6 billion under management. IT Advisor Sweden AB, estab. in 2008, offers IT and management consulting services within IT security, IAM and Cyber security. IT Advisor is based in Stockholm with approx. 30 employees with customers in Sweden, Norway, Finland and Denmark. After the merger the business estimates a revenue of SEK +1 billion for FY2021, with good profitability and  400 employees.
Read more in Media. LNP Corporate Finance advised the Seller.

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About the deal:

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.