DWS and Argentum to acquire Cegal Group from Norvest.

DWS and Argentum, two private equity firms, agreed to acquire Cegal Group, a cloud solutions, software and consultancy provider, from Norvest. Financial terms were not disclosed. “Cegal has become the technology leader within its space and is well positioned to capitalise on the significant digitalisation opportunity within its current core market. We also see a potential in other data intensive industries, enabling customers to benefit from the rapidly developing cloud technology which we believe will redefine a vast number of critical work processes”, Fredrik Gyllenhammar Raaum, Norvestor Investment Director.