IT consultancy Exsitec has finalized the previously announced acquisition of Amesto Solutions, a partner to Visma and SuperOffice operating across Norway, Sweden, and Denmark.
Amesto Solutions employs approximately 120 people and serves around 1,500 customers. The company is expected to contribute over NOK 230 million in revenue and approximately NOK 40 million in adjusted EBITA over the next twelve months.
The purchase price amounts to approximately NOK 280 million on a cash-free and debt-free basis, and is being financed through existing cash reserves as well as current credit facilities provided by Nordea.
Exsitec Holding AB is a Sweden-based Information technology (IT) service management company. Exsitec are engaged in operational systems and digitization that contributes to the client companies development. The Company helps its customers get the digital support for their business to achieve a more efficient working day, superior customer experiences and smarter data analyses. The Company operations in Sweden are divided into three business areas. Within the Insight business area, the Company offers its customers the tools to conduct analyses and data processing by means of modern IT system for business intelligence, budgetary management, and planning.Within the ERP business area, customers are offered financial and logistical tools to reduce administration. In the Experience business area, the Company offers its customers tools to improve their customer experience as well as modern digital platforms relating to e-commerce, CRM, and integrations.
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