Client
Transaction
Acquisition of 50,1% sharesTarget company
Date
2023Transaction advisory to ECIT in its acquisition of 50.1% shares in Evercom AS
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Company information
Founded in 2013, ECIT supports a large customer base with accounting, payroll, and IT services. ECIT has a proven model for acquisitions, combining proximity to customers, local entrepreneurship, and the strength of a larger international group. ECIT has a full year proforma revenue of NOK 3.4 billion per Q2 2023 and more than 2,500 employees across ten countries. M&A has been key to drive the company’s growth as ECIT has completed more than 130 acquisitions since 2013.
Target information
Evercom AS, located in Oslo, is a specialist within audiovisual solutions to public sector and larger organisations. Evercom AS has 20 employees and a revenue of NOK 112.1 million for the fiscal year ending 31 December 2022.