Atea grabs Sherpa Consulting for $7.2M

Norway M&A 07 September 2018
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Atea, an Oslo, Norway-based IT integrator, announced in a press release that it acquired the Norwegian consulting and competitive intelligence provider Sherpa Consulting.

Atea will acquire all shares in the company for an enterprise value of NOK 60M (7.2M).

Sherpa Consulting, founded in 2006 and led by CEO Michael Jacobs, is one of the largest independent providers of business intelligence and data analytics in Norway.The company employs 47 people and is expected to generate revenue of NOK 78 million and EBIT of NOK 11.5 million in 2018.