Acquisition of Accountor ICT Oy

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January 2020 – Acquisition of Accountor ICT Oy

About the deal

In 2020 Bryan, Garnier & Co acted as financial advisor for Advania AB on the acquisition of Accountor ICT Oy.

The Acquisition will strengthen Advania’s position in Finland. Advania has now over 80 professionals based in Finland, working on digitalization projects and managing critical services for infrastructure organizations all over Europe. The divestment is taking place as part of Accountor’s revised strategy to shift focus towards the group’s core business.

Deal team

Henrik Foyn-Laukvik | Vice President | Oslo | Investment Banking |

Bodil Erdal | Associate | Oslo | Investment Banking |

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.

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