Latest Boyum IT Solutions News
Oct 30, 2020
October 30, 2020 GRO Capital and Mikael Boyum sells Boyum IT Solutions to Volpi Capital ( GRO Capital ) After 4 years of successful co-ownership, GRO Capital and Mikael Boyum have signed an agreement to sell Boyum IT Solutions, to Volpi Capital. During GRO Capital’s co-ownership, Boyum IT Solutionshas grown to become the global leader in manufacturing, logistics, and usability software solutions for the SAP Business One ecosystem. Boyum has been on an impressive organic and inorganic growth path, doubling revenues from 2016 to 2020, while building a professional and international organization across 7 offices on 4 continents. Today, Boyum provides their software solutions to more than 8,500 SME customers in more than 110 countries through its network of more than 650 partners. Nordic challenger bank Lunar raises EUR 40m Series C to extend its roster of products ( Finextra ) Nordic challenger Lunar has raised EUR 40 million in funding as it prepares to extend its roster of products into the buy now, pay later and account aggregation and payment initiation space. The new funding comes from existing investors and follows a EUR 20 million round in April as it prepared to open its first business banking accounts for Danish sole traders. In the coming months, Lunar is set to activate multi-banking features and enable payments across Denmark, Sweden, and Norway for its more than 170,000 users. Customers will be able to not only view but also move money between accounts, as well as pay bills from accounts from other banks, in one app. Lunar also has its sets sights on the booming buy now, pay later market, with a product that will offer users the ability to split payments into monthly installments after purchase. Knowit acquires Creuna for SEK 178 m ( Knowit ) Knowit, a Sweden-based digital agency, announced that it acquired the Norway-based Creuna, a provider of consultancy and supplier of communication solutions. The deal was made for SEK 178 million in a cash and stock combination. Further, annual additional considerations may be payable, based on EBITA for the combined business area Knowit Experience, encompassing present Knowit Experience and Creuna, if EBITA exceeds certain base levels for the financial years 2021, 2022, and 2023, respectively. The merger and integration of Creuna’s operations with Knowit Experience will mean significant cost synergies, combined with new business opportunities, and is expected to support a favorable development of profitability going forward. Knowit expects the acquisition to be accretive to earnings per share as early as during 2021. With Creuna’s local organizations, Knowit will strengthen its presence in all the Nordic countries. The acquisition will mean that Knowit strengthens its competitiveness significantly, as well as contributing to continued consolidation of the market. Proact, Sweden-based data center and could services provider, acquires Cetus Solutions for GBP 7.7m ( Cision ) Proact, the Sweden-based data center and could services provider, has announced the acquisition of UK cloud and workspace specialist Cetus Solutions Ltd. The acquisition will enhance Proact’s market presence in the UK and add further expertise for delivering cloud solutions and modern workspace services. Acquisitions are a key part of Proact’s growth strategy with the ambition to broaden the portfolio of offerings and expand the presence in key markets. The acquisition of Cetus is expected to contribute to Proact’s revenue growth and improved EBITA margins, in alignment with the strategy and financial targets. The purchase price is GBP 7.7 million, on a cash-free and debt-free basis, corresponding to an EBITA multiple of 8. One.com acquires Zoner Oy – the acquisition marks the sixth in a series of purchases made by the group in the past year ( One.com ) One.com has acquired 100% of the Finnish web hosting company Zoner Oy. Since the private equity fund Cinven acquired the majority of shares of one.com in February 2019, the company has focused on its ambition to become the leader in Northern Europe when it comes to online presence services. The strategy for achieving that goal has included both accelerated organic growth, and selective acquisitions. In the last year, there have been six successful acquisitions in Norway, the Netherlands, Denmark, and now also Finland.