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Announced

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

Financials

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

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Finland

Software

Cross Border

software

Acquisition

Private

Single Bidder

Pending

Majority

Friendly

Synopsis

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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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