Goldman Sachs snaps up Nordic partner Advania
US bank becomes majority shareholder with an eye on further acquisitions, six years after Swedish PE buyout
Nordic VAR Advania has announced that Goldman Sachs is to become its majority shareholder, as of today. The Stockholm-HQ IT services firm, which has revenues of more than SEK 5bn (€500m) has a headcount of 1,400 across 27 locations in five countries. It claims its turnover has grown "in excess of 20 per cent" during each of the last five years. Goldman Sachs will join Advania's management, VIA Equity and other reinvesting shareholders in leading the VAR. Advania's former majority owners...
More on Solution Provider
Who are the UK's top 350 resellers and MSPs?
Top 350 outfits on our radar saw combined revenue hike 7.8 per cent to £21.9bn in latest years
Three ways one of southern Europe's top integrators is looking to grow its business
Uni System’s MD tells us why growth via acquisitions will press ahead, how Brexit has opened up opportunities in the UK public sector, and what impact investment from AWS and Azure will have on Southern Europe
Conscia board announces CEO replacement saying new leadership is needed
Cisco integrator giant chooses new leadership as FY 2020 indicates growth has slowed
SoftwareONE snaps up Swiss SAP partner
Licencing giant makes second SAP partner purchase of the year
HR Path snaps up French consultancy
Pan-European Oracle and SAP Gold partner expands in local market
More news
Who are the UK's top 350 resellers and MSPs?
Top 350 outfits on our radar saw combined revenue hike 7.8 per cent to £21.9bn in latest years
Three ways one of southern Europe's top integrators is looking to grow its business
Uni System’s MD tells us why growth via acquisitions will press ahead, how Brexit has opened up opportunities in the UK public sector, and what impact investment from AWS and Azure will have on Southern Europe
Conscia board announces CEO replacement saying new leadership is needed
Cisco integrator giant chooses new leadership as FY 2020 indicates growth has slowed
SoftwareONE snaps up Swiss SAP partner
Licencing giant makes second SAP partner purchase of the year
