Digital transformation and sustainability consultancy Knowit AB is buying Ascend AB and its sister firm Ionic AB. The enterprise worth of the 2 firms initially totals SEK 200 million. Further consideration will be paid out, conditional upon the EBITDA degree for 2022 and 2023 respectively within the acquired entities. The extra consideration is estimated at SEK 50 million, which may also be included within the acquisition steadiness sheet on the day of acquisition, the businesses mentioned.
That is know-how M&A deal quantity 813 that ChannelE2E has coated thus far in 2022. See greater than 1,000 know-how M&A offers involving MSPs, MSSPs & IT service suppliers listed right here.
Knowit Acquires Ascend and Ionic
Knowit, based in 1990, is predicated in Stockholm, Sweden. The corporate has 3,809 workers listed on LinkedIn. Knowit’s areas of experience embrace software administration, enterprise intelligence, system growth, check and high quality administration, Microsoft, EpiServer, digital advertising, internet analytics, digital enterprise transformation, organizational growth, technique, cellular growth, administration consulting and enterprise consulting.
Ascend, based in 2014, is predicated in Stockholm, Sweden. The corporate has 51 workers listed on LinkedIn. Ascend’s areas of experience embrace enterprise transformation, administration consulting, gross sales transformation, service transformation and operations transformation.
Ionic, based in 2019, is predicated in Stockholm, Sweden. The corporate has 13 workers listed on LinkedIn. Ionic is an IT consultancy delivering companies masking all phases of cloud adoption.
The acquisitions will add round 60 workers in Stockholm, Sweden, to the mixed firm and bringing a complete of about 500 consultants within the Nordic area. Ascend and Ionic will develop into a part of Knowit’s Perception enterprise space and bolster the agency’s administration consulting providing in enterprise know-how and industrial excellence, the businesses mentioned. All 4 founders will stay with the corporate after the merger.
Knowit Acquires Ascend, Ionic: Govt Views
Carin Strindmark, head of Knowit Perception, commented on the information:
“We’re proud and happy to welcome new colleagues from Ascend and Ionic to us at Knowit Perception. Ascend and the sister firm Ionic each strengthen our model and provide with their excessive competence and robust consumer relationships. Knowit’s administration consultancy provide and market place at the moment are stronger than ever1) and we have gotten an much more related associate to each current and new purchasers, whereas additionally being a extra engaging employer.”
Jonas Nodler, associate and co-founder of Ascend and Ionic, added:
“We’re seeing elevated demand for administration consultancy companies carefully related to new know-how. Our purchasers are more and more asking for help that mixes technical and operative data, with a capability to help at each a strategic and an operative degree. We have now a transparent ambition to proceed creating our firms and providing our purchasers even higher help of their essential transformations. Due to this fact, it looks like a pure step to develop into half of a bigger context at Knowit. Ascend and Knowit complement one another nicely and have comparable cultures, values, and visions of constructing a sustainable and humane society. We sit up for changing into a part of Knowit, which is on an thrilling progress journey,” says
Knowit isn’t any stranger to M&A. In June 2022, Knowit acquired Danish IT consultancy agency Miracle — an open source-focused agency that companions carefully with IBM’s Purple Hat and Atlassian. The acquisition value was roughly US$20.3 million. Knowit additionally acquired Capacent in September 2021 and Advertising and marketing Clinic in July 2022.