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Announced

Advania Norway to acquire Itello.

Financials

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Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

IT Services: Other

Pending

Private

Natural

it services

Norway

computer software

Acquisition

Single Bidder

Synopsis

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Advania Norway, a Nordic IT company, offering a wide range of IT services, cloud solutions, platforms and advice to private and public companies, agreed to acquire Itello, a Norwegian ICT company. Financial terms were not disclosed. “We have had an exciting journey so far at Itello, but are now looking forward to being part of a great Nordic player. Together, we become stronger for the benefit of both customers and employees. We get a comprehensive product offering, become a larger environment of IT-professionals, and can further challenge the biggest providers in the Norwegian market.” Ole Anders Wilskow Jenssen, Itello CEO.

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