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Announced

Completed

Sitowise completed the acquisition of Sitowise.

Financials

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

Tags

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Acquisition

Private

Completed

Cross Border

Majority

Single Bidder

Sweden

Information / Data Services

Friendly

it services

Synopsis

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Sitowise, a Nordic expert in the built environment, completed the acquisition of Sitowise, a provider of IT services intended to serve the infrastructure industry. Financial terms were not disclosed. "The acquisition accelerates our strategic goal of being the Nordic leader in the digital solutions for built environment and mobility. Together with Infracontrol we have a more prominent position especially within the mobility and traffic sector. We have also looked for a stronger access to the field of operational and real-time digital services, and our unification is an important step forward in this regard," Teemu Virtanen, Sitowise Digital Solutions Business Area Director.

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