Conscia gets Nordic Capital as new owners in the company

Conscia, a Copenhagen, Denmark-based provider of complex security and networking solutions, announced that its owners, Axcel, sold their equity shares to the private equity house Nordic Capital.

The financial details remained undisclosed. Axcel had bought Conscia from Via Equity in 2012. Conscia is being acquired from Axcel, and management. The management team will re-invest, continuing as minority owners together with Nordic Capital as majority owner.

This acquisition is the eighth investment by Nordic Capital’s latest fund, Nordic Capital Fund IX with EUR 4.3 billion in committed capital

Conscia, founded in Brøndby in 2003 and led by CEO Claus Thorsgaard, is one of the leading players in the Northern European IT infrastructure space within complex infrastructure solutions and managed services. Conscia builds and services some of Europe’s most complex IT security and networking infrastructures, and notably is recognised as one of the strongest integrators of Cisco solutions. Customers include some of the largest organisations within financial services, healthcare, and public sector organisations. Conscia has offices in Denmark, Norway, Sweden, the Netherlands and Slovenia.

The company has projected revenues of approx. DKK 2.0 bn (EUR 270 mn) for 2019 and over 500 employees.