Solita acquired the Swedish Ferrologic Group

Finland M&A 06 November 2019
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Solita, a Helsinki, Finland-based technology, strategy and design company, announced the acquisition of the shares of the Swedish Ferrologic Group.

Financial details of the transaction were not disclosed. Ferrologic's founders and management will continue to work for the Group, and Ferrologic's shareholders will become Solita's owners.

Ferrologic, founded in 2001 by Johan Thyblad, Carl Tivelius and Anders Tholén, is a digital services consulting company based in Sweden, Denmark and Belgium. The company employs nearly 100 people based in Stockholm, Gothenburg, Copenhagen and Brussels and had net sales of SEK 140 million ($14.6M) in 2018.

Solita, founded in 1996 and led by CEO Jari Niska, had net sales of EUR 91 million ($100M) in 2018 and is owned by the private equity firm Apax Partners.