Advised on Sale of CompanyTechnology
Acquired Majority Control of Business Operations
The acquisition will strengthen B3IT's offering in the Öresund region as a whole, in system development, system architecture and test management. Third Base is a consulting company offering specialist competence in system development with an extra focus on Java and mobility, system architecture and test management. Third Base established in 2011 and has head offices in Malmö. In 2016 and 2017, third base brands were added to DI Gasell. Third base has 34 members. Third Base has a strong presence in several sectors of the retail trade, with customers such as other Ikea, Spotify, SEB and a large American customer base. The acquisition will strengthen B3IT's offering in the Öresund region as a whole, in system development, system architecture and test management.
Third Base is a good growth potential and good management specialist company. We are therefore pleased that this will enable further 34 experienced employees with specialist competence in Java and mobility, at the same time as we are more closely involved in the Öresund region, says B3IT's VD and Group CEO Sven Uthorn.
"We are looking forward to developing third base together with B3IT", says Stefan Lind, VD Third Base. "As part of the bigger picture, we calculate that we can increase our employees' opportunities more quickly, our customers are offered a strong offer and have to pay more attention to their customers."
B3IT is one of Sweden's fast growing consulting companies with senior consultants in IT and management. The company helps companies and administrations to make their IT operations more effective by developing technology, processes, strategies and organization and improving their business operations with the help of smart IT solutions. B3IT had over 490 employees in December 2017, with sales of SEK 619.7 million in 2017. Offices are in Stockholm, Borlänge, Gothenburg, Malmö, Sandviken, Sundsvall and Örebro. As of December 2016, B3IT is notated on Nasdaq Stockholm.
Third Base has had a fantastic growth since the company was founded in 2011, which together with their specialist competence and strong customer appeal made us have had a strong interest during the process. In B3IT, a new owner, both companies can now offer their customers an even stronger offer, says Tim Persson, IMAP. B3IT Management AB acquired a 66.4% interest in Thirdbase AB, a Malmo-based software publisher. On completion, Thirdbase was renamed B3 Thirdbase AB.
IMAP was the advisor to Third Base through the entire selling process.