Exsitec AS, the Norwegian subsidiary of Swedish Exsitec Holding AB (publ), has acquired 100% of shares in IntegrasjonsPartner BITS AS, the Fredrikstad-based ERP, WMS, and e-commerce integrations provider.
Alpha Corporate Finance has acted as financial advisor to IntegrasjonsPartner BITS AS and its shareholders in the transaction.
IntegrasjonsPartner is servicing over 300 customers with its proprietary software portfolio and consultants targeting complex ERP-integration, WMS and e-commerce. In 2023 the company is forecasted to reach revenues of just over NOK 50m and an EBITA of NOK 6.4m.
Anders Ranum Nordahl, CEO at Exsitec Norway AS, comments: ”IntegrasjonsPartner is a commendable company with excellent qualities, talented individuals, and a long history of profitable growth. The integration platform developed by IntegrasjonsPartner will play a crucial role in aiding [Exsitec’s] efforts to swiftly transition our on-premise customer base to the cloud.”
“We are very pleased to have reached an agreement with Exsitec. We see that together we can help many more customers streamline their operations and allow them to focus on what they enjoy – their business and their customers”, adds Morten Pettersen, CEO at IntegrasjonsPartner BITS AS.
Exsitec is a provider of information technology systems and solutions. The company offers business systems, electronic invoice management, budget and forecast, decision support, e-commerce, service and contracting, warehouse and logistics, and integrations. Headquartered in Linköping, Sweden, Exsitec consists of ~600 employees in Sweden, Norway, and Denmark. Exsitec Holding AB (EXS) is publicly listed on the Stockholm stock exchange (First North Growth Market).
Link to Exsitec’s press release