Advania acquires Itello

With the acquisition of Itello, Advania takes a strong position in the IT infrastructure market in Norway.

Inspired by the group’s great success in Sweden and Iceland, Advania Norway in September 2018 announced its entry into the Norwegian infrastructure market. The initiative started with the hiring of several resources from the industry and was reinforced with the acquisition of Stepper.

When Advania now acquires Itello, the footprint in Norway is significantly strengthened and the company will reach annual turnover in infrastructure of more than NOK 600 million in Norway and NOK 2.3 billion on a Nordic basis. Itello’s strong position in the public market is also complementing Advania Norway, which until now has been oriented towards private businesses.

”Advania have an aggressive strategy for growth, both organically and through acquisitions in the Nordic region. Through the acquisition of Itello, we increase our market share significantly in Norway and it feels very exciting to become an even more relevant partner to existing and new customers in Norway”, says CEO Advania Group, Mikael Noaksson.

To see full press release in English click here.