VIA and PFA (PFA is a limited partner in VIA equity Fond III) invest in Advania, the Nordic based IT-provider serving thousands of corporate clients in the public and private sector. Advania was formed in 2012 when several branches of IT companies merged and today Advania has more than 1,100 employees in 22 offices located primarily in Iceland and Sweden with a wide range of product and service offerings including managed services, IT infrastructure & integration, business solutions and professional services.
VIA and PFA have acquired a minority stake in Advania, and will in cooperation with the present investors and the management further develop a solid basis for Advania to continue the organic growth and execute on strategic mergers and acquisitions.
”Advania has a different approach to the IT market, looking above and beyond specific vendors and platforms to meet the customer’s needs. That approach has proven successful, and that’s what caught our attention. Advania has unique M&A capabilities, and the company culture fosters growth. Therefore, investing in Advania is in line with our investment strategy and Advania fits perfectly into our portfolio of assets. That’s why we approached the shareholders to join forces with them, and we’re happy that we succeeded”, says Benjamin Kramarz, investment responsible in VIA equity.
Download file:Full press release in English