Hg Capital-backed IT Relation completed the acquisition Progressive.

Hg Capital-backed IT Relation, a Danish provider of IT outsourcing services, completed the acquisition Progressive, a Danish provider of IT outsourcing, consultancy services as well as hardware and software. Financial terms were not disclosed. "We are strengthening our position within outsourcing to public and private customers by welcoming Progressive in the ITR Group, and we look forward to continuing the progress together and becoming even stronger in sales and tender processes based on Progressive’s great experience and big muscles within this area of expertise. Progressive’s skilled management and employees have generated strong results by delivering razor-sharp customer service and maintaining a lean and efficient organization, and we will invest in acceleration of the good development in the coming period," Henrik Kastbjerg, ITR Group CEO.