SYSCO acquires a majority stake in the Danish software developer Basecare.

Norway M&A 23 October 2018
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SYSCO, a Stavanger, Norway-based company providing IT solutions for the energy industry, announced the acquisition of a majority equity package in the Danish company Basecare.

Financial details of the transaction remain undisclosed.

Basecare, based in Søborg, Denmark and led by CEO Christian Skytt, is a SAAS provider based on Oracle, having developed Basecare Discover – a secure and simple solution to monitor your Oracle systems and maintain them proactively.

SYSCO, founded in 2004 and led by CEO Frank Vikingstad, is a company supplying Oracle-based IT services and software to the energy utility sector.  The company is owned by Credo Partners, whch acquired 60% of the company in 2016.