TA and Warburg Pincus-backed Epassi completed the acquisition of Exercite from Waterland.

TA and Warburg Pincus-backed Epassi, a for digital employee benefit payments in the Nordics, completed the acquisition of Exercite, a provider of corporate health and wellness benefit solutions in Germany, from Waterland, a private equity firm. Financial terms were not disclosed. “As employees worldwide continue to strive for greater work-life balance, employee benefits, including access to health and wellness solutions, have become increasingly important to hiring and retaining top talent,” Pekka Rantala, Epassi CEO.