December 21, 2018
Sigurd Solheim, Sebastien Delattre, Jean-Louis Belot
Xllnc sold to Norvestor
Xllnc: best-in-class IT Asset Lifecycle Management solutions for the Nordic region
Xllnc is a leading supplier of IT Lifecycle Management (LCM) solutions for large corporations in the Nordics.
The company’s core solution is its ‘device-as-a-service’ offering, helping organisations evaluate their IT needs, plans, procurement and finance in addition to configuring IT equipment. Additional services include monitoring and managing corporate IT assets such as PCs, tablets and mobile phones throughout their lifecycle, including support and logistics.
Built on the idea of simplifying everyday life by providing smart lifecycle management solutions for workplace-related ICT assets, Xllnc has quickly become the go-to player in the Nordic IT asset management market through organic growth and the acquisitions of Timetech and Supplies Team Sverige in 2018.
Norvestor acquires Xllnc, providing investment to see the company through its next growth phase
Xllnc, in wishing to accelerate its expansion by leveraging the financial support and expertise of an established institutional investor, has signed an agreement to be acquired by Norvestor in order to strengthen its existing offering both locally and internationally through further add-on acquisitions.
Norvestor’s proven track record in supporting growth companies with the potential to achieve a leading Nordic or international positions through acquisitions and expansion, as well as its expertise within the IT service space, makes it the ideal partner for Xllnc. Norvestor will become the majority shareholder in Xllnc with approximately 55% of the shares; the management and employees will hold the remaining shares.
Norvestor is a leading private equity company focusing on lower mid-market buyouts in the Nordic region. The team currently advises funds with a committed capital in excess of NOK 11bn.
GCA Altium acted as sole advisor to the sellers.