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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