ProData Consult acquired Sourcing Network from Sweden.

Denmark M&A 03 December 2019
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ProData Consult, a Copenhagen, Denmark-based consulting company, announced that it entered into an acquisition agreement with the Swedish provider of tech and management consultants Sourcing Network.

The financial details of the deal were not disclosed. The transaction was made for a majority shareholding in Sourcing Network, whose owners simultaneously join ProData Consult’s ownership circle.

Sourcing Network will continue as usual and under the same brand, and day-to-day management will continue to consist of Sara Hildebrand and Alex Kouchmeshki. The company is expected to generate revenue of more than SEK 300 million ($32M) after having achieved good results in the Swedish consultancy market for several years.

ProData Consult, founded in 1994 and led by CEO Søren Rode, provides high-end business and IT consultants to its clients and has  a  large  network  of competent and experienced IT specialists. Prodata Consult had a turnover of DKK 960 million ($143M) in 2018.