Context
Founded in 2013, ECIT has grown organically and by acquisition. During the past five years, ECIT has acquired close to 100 companies in the Nordic countries, becoming a regional business process outsourcing (BPO) player.
The Group consists of medium-sized accounting and IT companies that offer a variety of services in payroll, accounting, hosting and IT services. ECIT is present in four countries and employs 1,200 people.
The acquisition of IT-Hantverkarna will enable ECIT to further strengthen its presence in the Nordic region. IT-Hantverkarna merged with Fortner in 2017 to become a local Swedish BPO player within accounting, payroll and IT services. With its acquisition of IT-Hantverkarna, ECIT completes the full acquisition of Fortner AB, the first part of which was completed in August 2019.
About ECIT
ECIT Group consists of medium-sized accounting and IT companies that provide BPO services. The Group has grown into a Nordic BPO player after acquiring close to 100 companies during the last five years, and offers services such as accounting, payroll management and information technology hosting services in the region.
About IT-Hantverkarna Sverige AB (part of Fortner)
IT-Hantverkarna is part of Fortner AB, a Swedish provider of financial consultancy services designed to assist companies with accounting, billing, payroll and tax.
Bryan, Garnier & Co acts as Sole Advisor to ECIT on the acquisition of 80% of IT-Hantverkarna Sverige AB (part of Fortner)
Bryan, Garnier & Co acted as Sole Advisor to ECIT, working with ECIT’s management on the acquisition of an 80% stake in IT-Hantverkarna Sverige AB (part of Fortner).
Bryan, Garnier & Co acted as advisor to ECIT on this transaction due to its long-standing client relationship with the team in the Nordic region. Bryan, Garnier & Co has advised ECIT on multiple acquisitions over the past few years and has an active agreement with the client to assist with ECIT’s growth through acquisition.
This marks another transaction for Bryan, Garnier & Co’s Business Services practice. Other recent transactions include ECIT’s acquisitions of Fortner, ITC Consult and Kippr.
Share