Context
Founded in 1998, Innovasjon is a high-quality, one-stop-shop IT services provider targeting SMEs, primarily within shipping, law, finance, and the public sector.
For help in taking its next step in an evolving and increasingly complex market, Innovasjon appointed Bryan, Garnier & Co as an advisor in March 2020.
Following a fast and efficient process, technology group Visolit acquired 100% of the shares in Innovasjon, having recognized the value of its niche capabilities and strong customer portfolio.
Visolit’s acquisition of Innovasjon will accelerate several growth opportunities and strengthen Innovasjon’s service delivery capabilities, leveraging Visolit’s expertise within hybrid cloud solutions, compliance, and IT security.
About Innovasjon AS
Innovasjon AS provides a wide range of IT Managed Services primarily to customers in the greater Oslo area. The company has built a strong position within niche sectors, resulting in strong profitability, high customer satisfaction and low customer churn.
About Visolit
Visolit is a fast-growing technology group that has strengthened its geographical presence in the Nordic region, expanded its share of public customers, secured further industry knowledge, and strongly positioned itself as a partner for digital transformation in the Nordic market. Its strengthened position includes a significantly expanded service portfolio within consulting, security, integration, and products. Visolit is owned by IK Investment Partners.
Bryan, Garnier & Co acts as Sole Financial Advisor to the shareholders of Innovasjon on the sale of the company to Visolit
Bryan, Garnier & Co acted as Sole Financial Advisor to Innovasjon and its shareholders. The team worked with the shareholders and management to prepare and run a focused yet competitive process aimed at renowned Nordic IT Managed Service providers.
Bryan, Garnier & Co assisted in preparing sales documentation, conducting buyer reach-out, negotiation and coordinating due diligence processes.
This transaction continues to demonstrate Bryan, Garnier & Co’s expertise and track record in the Nordic IT services industry. Other notable transactions include ECIT’s acquisition of IT-Hantverkarna and Advania’s acquisitions of Kompetera and Accountor ICT.
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