Adelis to acquire netIP for DKK375m.

Adelis, a growth partner for well-positioned, agreed to acquire netIP, an independent one-stop-shop IT provider of consulting, advisory, security and outsourcing services as well as solutions within infrastructure and SharePoint for Danish businesses, for DKK375m. “In the past year, netIP has completed a successful turnaround after an unusual financial year of 2020/2021, where Covid-19 made it difficult to make things work together, which i.a. resulted in layoffs of 18 employees. Due to structural changes and the employees' huge work effort, the management of netIP expects to be able to present an adjusted operating profit of approximately DKK36m in the financial year 2021/2022, which ends on 30 June 2022. This is a significant improvement compared to the previous year”, Martin Welna Adelis Equity Partner.