Announced

Goldman Sachs-backed Advania to acquire Visolit from IK Investment Partners.

Synopsis

Goldman Sachs-backed Advania, a Nordic information technology service corporation agreed to acquire Visolit, a Norway-based international information technology operation, outsourcing and consultancy service company, from IK Investment Partners, a private equity firm. Financial terms were not disclosed. "We are extremely excited about the combination of our business with Visolit which represents a substantial step towards becoming the preferred Nordic IT-services company. Joining forces will enable us to get even closer to our customers and to serve our combined customer bases with a broader and better offering," Mikael Noaksson, Advania CEO.

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