Technology Holdings is pleased to announce that it has acted as the exclusive financial advisor to Advectas International AB on its strategic sale to Capgemini. Capgemini entered into an agreement to acquire Advectas on 17th February 2020 - the transaction is subject to customary conditions precedent and is expected to complete in the coming weeks.
Founded in 2006, Advectas is an award-winning BI, Analytics and Data Science specialist, with over 200 certified professionals in five offices across Sweden and Denmark. The company is a recognised premium partner across the Nordics for Microsoft, SAP, Alteryx and Tableau and provides innovative end-to-end IT consulting and managed services to more than 250 corporate clients, including 50% of the Top 100 Swedish companies.
The acquisition by Capgemini, a global leader in consulting, technology services and digital transformation, further expands its data and insights service offerings across the Nordics and brings it a strong track record in helping clients to monetize data, as well as deep relationships in analytics and data science in the Nordics.
Stefan Olsson, CEO and founder of Advectas commented “The strategic fit between Advectas and Capgemini was a major consideration for us. In Capgemini we saw a number of fundamental values that mirror our own, such as team spirit, freedom and trust, as well as a deeply collaborative mindset. We had reached a stage where our large clients wanted to expand and evolve our solutions for their global marketplaces. By joining Capgemini, we will be able to offer them this scale along with many other integrated digital and cloud-based capabilities to support their long-term business goals. Technology Holdings played a pivotal role in the success of the transaction, delivering multiple offers from key global and regional buyers, demonstrating their deep sector knowledge and truly global reach.”
This transaction further underlines Technology Holdings’ expertise in transacting with leading consulting and IT services buyers and is a testament to our long standing track record in advising category leaders in the data driven BI, analytics and data science sectors, following previous transactions completed for clients such as SCIO Health Analytics and C3Global. The strategic sale of Advectas is our seventh transaction in the Analytics and Data science space.
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