IT-Gården

IT-Gården
sold to
Iver

July 2019

Swedish IT-as-a-Service pioneer IT-Gården sold to Iver as they strengthen their presence in Southern Sweden

“Stella EOC has been a vital part of the transaction, keeping up a good dialogue with the management team, being a great partner during the whole process and showing patience as well as a driving forward key discussions. All members of the Stella EOC team take the initiative and were always contactable to discuss important and strategic decisions. It has been a true pleasure working with them."

Henning Vold, Partner at Norvestor

Founded

1999

Recurring revenue

82%

EBITDA 2019

SEK 24m

2013-2018 Revenue CAGR

~15%

Headquarters

Landskrona, Sweden

IT-Gården: leading IT Managed Services provider in Southern Sweden

IT-Gården is an IT outsourcing provider with 20 years of experience with a very strong position with SMEs in Southern Sweden, from Malmö to Gothenburg. The company focuses on managed services, and has a product portfolio that also includes device-as-a-services, consulting, and hardware.

Their customers are made of more than 360 mid-market private companies, with high loyalty and customer satisfaction, leading to repeat business and recurring revenues.

IT-Gården’s experienced management team leads over 100 employees across four locations (Landskrona, Malmö, Helsingborg and Gothenburg), and after a period of investments and reorganisation the company is now well-positioned for its next growth phase.

Iver strengthens its position in Southern Sweden with the acquisition of market-leading IT-Gården

Iver (a portfolio company of EQT) is a leading Swedish managed IT services provider with capabilities for full IT outsourcing, providing their clients with contracted services, including hosting, cloud and application management. The company was formed in April 2018 by combining Candidator and DGC IT Services, creating a leading Nordic managed IT services provider.

The acquisition of IT-Gården gives Iver increased geographical presence in Southern Sweden, a broadened customer base and increased business volume. In total, the group will now employ approximately 1,000 employees.

Stella EOC acted as sole advisor to the Sellers.