Itello acquired Norway-based Eikos.

Itello, a leading insurtech company in the Nordic region, acquired Norway-based Eikos, which provides services and systems solutions for the life insurance and pensions sector. Financial terms were not disclosed. "The acquisition is in line with our strategy and will accelerate our international expansion. The life insurance and pensions industry in Norway will be facing a number of challenges in the coming years, which means there is a high demand for the ability to combine a highly efficient business with good innovation potential. With Eikos' expertise we will be strengthening our competitiveness on the Norwegian market and expanding Itello's opportunities." Mats Lillienberg, CEO, Itello.