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Announced

Goldman Sachs Asset Management-backed Advania to acquire front end services from 3StepIT.

Synopsis

Goldman Sachs Asset Management-backed Advania, an IT-services company, agreed to acquire front end services from 3StepIT, a Technology Lifecycle Management provider. Financial terms were not disclosed. "The key reason for pursuing this transaction is to increase the quality to our existing customers. Based on the large volume of devices we provide to our customers, we can now further strengthen our offering with cost efficient and seamless solutions to the market," Tomas Wanselius, Advania CEO.

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