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AddPro and Svensk IT Funktion merge to establish a new IT company in Sweden!

Both AddPro and Svensk IT Funktion (ITF) have an extensive and very successful history in the Swedish IT market. So far, the business operations of the two companies have been focused on different geographic markets in Sweden, but now they join forces to create one of Sweden’s leading cloud and application integrators, with a strong presence in Stockholm, Gothenburg and Malmö/Southern Sweden. When combined, the business operations are expected to collectively have sales in the range of SEK 900 for 2018 and employ over 300 people!

AddPro and ITF are both in a very expansive phase, and with a combined offering to its present and prospective customers, a larger geographic reach and a large existing large customer base, the assessment is that together AddPro/ITF can be developed and grow even stronger, for the benefit of both customers and personnel.

“AddPro is growing organically by approximately 25%, and over the past eight months we have been engaged in intensively analysing where we can continue our successful journey by adding new markets and concepts”, notes Nicklas Persson, CEO and co-founder of AddPro. “Throughout this process, ITF has emerged as a very agile player with excellent knowledge and understanding of the market and its customers, and enriches the new constellation with both a more extensive geographical coverage as well as new services and deliveries of new functions. These are things on which we, our employees and our customers place a high value, and it will undoubtedly be really exciting to continue developing our business operations together with ITF in the Swedish market! Together, we form a real dream team,” continues Nicklas Persson.

“We are very impressed by ITF’s strong development and the leading position they have established within certain focused areas of expertise that, together with AddPro’s service offering, will be completely unique in the Swedish market. We see a ’perfect match’ between AddPro and ITF, from the perspective of the personnel, the customers and the market. ITF has an exceptionally skilled management team and highly skilled employees, as does AddPro, and therefore this will be dynamite for the market and for what we can offer our common customers going forward,” remarks Nicklas Persson.

“AddPro has a very strong and comprehensive service concept and offering, that we now want to accelerate and offer to more customers in the market, as we know that this type of concept strengthens our customers’ competitiveness and the possibilities to realise strategies in order to be able to achieve their goals,” observes Nicklas Henriksson, CEO and one of the co-founders of ITF. ”Together with AddPro, we will be able to significantly increase the pace of our development and offer our customers a larger service portfolio in support of their operations and further development,” continues Nicklas Henriksson.

Since 30 June 2017, Adelis Equity Partners has been the controlling shareholder in AddPro with just over half of the shares, and after the merger, Theywill have the same ownership position in the new Group. The founders and management of both AddPro and ITF will continue to own large parts of the company. A development plan for the Swedish market has been jointly established.

AddPro AB ( www.addpro.se )
The AddPro Group (established in 2000) is active within the IT services segment Safe & Efficient IT. The business operations are growing very positively, rapidly expanding. Currently there are offices in Malmö (HQ), Gothenburg, Helsingborg and Kristianstad.

AddPro is one of the premier application and cloud integrators in Sweden. With a combination of top-ranked consultants, strategic suppliers, selected cloud services, its own data centres and a service desk staffed 24x7, the business operations can offer the market the best solutions within areas of business AddPro focuses on. For 2018, the business operations are expected to attain close to SEK 400 million in sales, with good profitability, and employ a staff of over 200 specialists, of whom some 85% are technical specialists who work within one of the company’s areas of expertise.

Svensk IT Funktion AB ( www.ITF.se )
Svensk IT Funktion (established in 1999) is a company active in IT, with a focus on infrastructure and ‘IT as a function.’ Its business operations have seen strong growth in recent years, and continue to grow and develop.

The business operations of the company are currently represented in Stockholm and Gothenburg.

Svensk IT Funktion is one of the foremost companies in Sweden in the field of ‘IT as a function.’ The combination of a high level of expertise within the organisation, strategic and tactical suppliers in the fields of Workplace, Document and IT Production is the reason for its success. The business operations provide services to IT departments according to their specific technical preconditions, plus taking its customers’ business needs into consideration, in terms of ‘IT as a function.’ The company is expected to attain sales approaching SEK 500 million for 2018, with good profitability, and employs a staff of over 100, of whom 85% are technical specialists who work within one of the company’s three areas of expertise.

Adelis Equity Partners ( www.adelisequity.com )
Adelis is an active partner in creating value at medium sized Nordic companies. Adelis was founded with the goal of building the leading middle market private equity firm in the Nordics. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, acquiring 14 platform investments and making more than 30 add-on acquisitions. Adelis now manages approximately €1 billion in capital. 

For further information, contact:
Nicklas Persson, AddPro AB, 073-625 75 50, nicklas.persson@addpro.se

Nicklas Henriksson, Svensk IT Funktion AB, 073-633 09 35, nicklas.henriksson@ITF.se

Joel Russ, Adelis Equity, 073-543 30 68, joel.russ@adelisequity.com