500 Danish and Swedish-based digital transformation specialists from AddPro join the itm8 ecosystem today, following final approval of the acquisition by the Danish authorities. The addition of AddPro raises the level of digital transformation capabilities itm8 offers to companies in Northern Europe.
It was first announced on 19 May 2022 that AddPro would join the itm8 ecosystem and continue to operate as its own brand within the group - and today it became official By introducing AddPro's capabilities in business solutions, data warehouses and automations into the itm8 ecosystem, the quality and availability of digital services for Nordic companies will increase, with the aim of modernising and transforming the way they do business.
AddPro is the perfect addition to the itm8 family. Joining forces increases our collective capacity and expands our offering. We have been joined by exceptionally qualified and professional new specialists and colleagues in AddPro, who will bring tremendous new value to our clients, and we are pleased to officially welcome them to the family," says Henrik Kastbjerg, CEO, itm8.
New majority ownership confirmed
As AddPro officially joins the itm8 ecosystem, itm8's updated ownership structure has also been confirmed. As of 5 October 2022, Axcel Management with the support of Chr. Augustinus Fabrikker have become the new majority shareholders of itm8. Their strong focus on Danish values and ambition to lift business, is an excellent match for the future ambitions of itm8.
The two Danish investors replace the British venture capital firm Hg as majority shareholder, backed by a wide range of partners from the management and employees of AddPro and itm8. We are now poised for accelerated growth and a renewed focus on delivering high quality transformation services to customers across Northern Europe.
The addition of AddPro gives us a strong foothold in Sweden and our new partners in Axcel and Chr. Augustinus Fabrikker match our ambitions for growth and further expansion. Together, we are in a strong position to help companies in Northern Europe transform the way they do business," says Henrik Kastbjerg, CEO, itm8.
itm8 is a leading Danish provider of digital transformation services to private organisations and public institutions. Itm8 is represented in Denmark, Sweden, the Philippines and the Czech Republic and focuses primarily on the five business areas of Cloud Services/IT Operations, Digital Transformation, Application Services, ERP and Cyber Security. itm8 has more than 1700 employees.
AddPro operates in the IT field in Sweden and Denmark as a Digital Transformation Partner for Secure & Efficient IT. AddPro was established in 2000 and the business has developed very positively, is expanding strongly and is today represented in Malmö, Stockholm, Gothenburg, Helsingborg, Kristianstad, Copenhagen, Jutland and South Zealand. With a combination of top-rated consultants, strategic suppliers, selected cloud services, own data centres and 24×7 manned service desk and SOC, the business is able to provide the market with the best solutions within AddPro's focus area. The business is expected to turn over approx: 1.3 billion SEK in 2022 and employ over 500 specialists of which approx. 85% are technical specialists working in one of the company's areas of expertise.