Stratema

17/01/2025

We are pleased to announce that Stratema has acted as an advisor to BlueTec AS in its sale to OBOS 🤝

OBOS, one of the largest property developers and membership organisations in the Nordic region, has entered into an agreement to acquire BlueTec – a leading company specialising in solar energy, charging infrastructure, and energy storage within commercial projects.

This strategic acquisition marks the beginning of a powerful partnership, combining OBOS’s expertise in property development with BlueTec’s cutting-edge energy solutions.

A big thank you to everyone involved in making this deal a success. A special thanks to Kim Olsen, Jørgen Landskaug, and Dagfinn Kreken for the great collaboration – it’s been a pleasure working with you again!

We also want to extend our gratitude to our core team at Stratema: Øyvind Solvang, Ulrik Tronstad Gahre, and Zara Hosseinpoor – for another Great Deal 🌟

Check out the full story at the link below 👇
https://stratema.com/en/great-deals/bluetec-sold-to-obos/

15/01/2025

ntroducing our Nordic Tech M&A Q4 2024 Report

In Q4 2024, we saw 111 transactions, a 25% increase compared to Q4 2023. This positive trend highlights strong activity across the sector.

🔍 Key Highlights:

- Nordic SME software firms traded at ~4.0x EV/Sales, while IT service and consulting SMEs achieved a median 9.5x EV/EBITDA.
- The SaaS sector recorded 57 transactions, with ~1/3 being platform add-ons for PE-backed companies.
- IT services and consulting maintained steady transaction levels, showing growth over the past year.
- Private equity firms remain highly active, accounting for two-thirds of transactions, driven by stable cash flows and substantial dry powder.

Get all the details and access the full report here👇🏼

Stratema`s quarterly Nordic Tech M&A Outlook report offers an up-to-date analysis of Nordic tech transactions in Q4 2024, focusing on small-cap and mid-cap companies.

20/12/2024

We are pleased to announce that Stratema has assisted Corteco in its acquisition of Pussmester AS, further strengthening Corteco’s position in Norway within sustainable renovation and maintenance of building exteriors.

This marks the third acquisition where Stratema has advised Corteco, following earlier acquisitions of Viking Entreprenør and A. Hansen Gruppen. Together, these companies will collaborate to deliver Norway’s premier customer experience in sustainable property renovation, with a strong focus on exterior façades.

Congratulations to Corteco and Pussmester on this exciting milestone! We look forward to seeing the continued growth and success of this partnership.

A heartfelt thank you to Vilhelm Stern and Fredrik Furgårdh for their collaboration and trust in us.

Additionally, a big thank you to our core team at Stratema - Øyvind Solvang, Ulrik Tronstad Gahre, and Zara Hosseinpoor - for another Great Deal.

Check out the full story at the link below 👇

Med oppkjøpet av Pussmester består Corteco nå av tre selskaper i Oslo, med en samlet omsetning på rundt 600 millioner kroner og cirka 280 medarbeidere. Oppkjøpet er en del av Cortecos strategi om å skape en sterk markedsposisjon i Norge.

22/11/2024

Xpert Installasjon AS Joins the Currentum Group 🤝

We are pleased to share that Stratema had the privilege of advising Xpert Installasjon, along with its subsidiaries Ditmar Enge AS and iTel AS, on its successful sale to the Nordic installation group Currentum.

Our primary goal throughout this process was to secure the right future partner for Xpert Installasjon—one that could unlock synergies and generate value for shareholders. Currentum's existing acquisitions in ventilation and plumbing align perfectly with Xpert Installasjon’s expertise in electrical installations, creating a comprehensive, cross-disciplinary service for the market.

A heartfelt thank you to Dagfinn Kreken and Jørgen Landskaug for their trust and collaboration throughout the process. We look forward to seeing the exciting developments ahead for Xpert Installasjon and Currentum.

🔗 For more details, check out the link below
https://stratema.com/en/great-deals/xpert-installasjon-joins-the-currentum-group/

25/10/2024

Braathe AS joins forces with iteam 🤝

We are thrilled to announce that Braathe has officially been acquired by iteam, forming the largest and most comprehensive Norwegian IT operations company!

This transformative partnership brings together two of Norway's leading IT providers, creating a unified national player ready to deliver even greater value to customers and employees alike.

Since 2016, Stratema has proudly partnered with the Braathe family, supporting the company’s growth from a mid-sized business to one of the nation’s foremost IT service providers for small and medium-sized businesses (SMBs). With six strategic acquisitions and a transition to subscription-based services, Braathe has seen its revenue quadruple to 500 MNOK.

With iteam as its new partner, Braathe will now expand its reach and service offerings, positioning the combined company to serve over 10,000 customers and generate 1.7 billion NOK in revenue in 2024. Together, they will continue to set the standard for secure, innovative IT solutions across Norway.

A heartfelt thank you to Ole Braathe and Pia Braathen Schønfeldt for our jurney the last eight years. It has been a true pleasure! Thank you Lars Ivar Simonsen, Torkild Hebbert Haukaas and Filip Abusdal Engebretsen for the collaboration. We eagerly look forward to seeing what the future holds.

We also want to thank the legal team at Wikborg Rein, Andreas O. Myrstad.

A special shoutout to our core team for this Great Deal: Dave Sandberg, Lars Stenvold Wik and Fredrik Wiesmann 🌟

For more details, check out the link below👇
https://stratema.com/en/great-deals/braathe-sold-to-iteam/

21/10/2024

Curious about the pulse of Nordic Tech?

Stratema's quarterly report provides an up-to-date analysis of the Nordic tech M&A landscape, highlighting key developments for small-cap and mid-cap companies.

🔍 Key findings from Q3 2024:
- 103 transactions recorded, reflecting an increase from Q2 and previous quarters.
- Public software companies traded at an average of 3.7x EV/Sales, while IT consulting SMEs saw a median of 9.5x EV/EBITDA.
- The SaaS sector recorded 55 deals, and IT services and consulting transactions surged over the past four quarters.

🌍 Foreign buyers were highly active, with 38% of software transactions driven by non-Nordic based buyers, seizing opportunities with favourable exchange rates and pricing advantages in the Nordic market.

Get all the details and access the full report👇🏼

Stratema`s quarterly Nordic Tech M&A Outlook report offers an up-to-date analysis of Nordic tech transactions in Q3 2024, focusing on small-cap and mid-cap companies.

21/10/2024

We've just wrapped up our Annual Strategy Summit at the beautiful Refsnes Gods, an 18th-century mansion on Jeløy.

It’s been an inspiring few days filled with fresh ideas, deep analysis, and strategic planning for the year ahead.

We’re always moving forward—driving growth, fostering innovation, and staying ahead in the ever-evolving business landscape. These summits are more than just meetings; they’re a chance to strengthen our vision, align our strategies, and spend valuable time with the incredible people that make it all possible.

A big thank you to our exceptional team! Your passion, energy, and commitment are what propel us forward! Were excited for the journey ahead!

21/10/2024

We are proud to share that we have once again been certified by Great Place to Work Norge, marking our third consecutive year of this prestigious recognition!

Since last year, we’ve proudly welcomed three new employees and two researchers into our growing team. As we continue to expand, it remains essential to uphold our commitment to creating a supportive and thriving environment for our valued team members.

A huge thank you to our incredible team for their hard work and dedication. 👏 Your contributions truly make our organisation a great place to work. Together, let’s continue to reach new heights!



https://stratema.com/en/actual/stratema-earns-great-place-to-work-certification-for-the-third-year-in-a-row/

28/08/2024

Tromb Joins the Ductus Group 🤝

We’re happy to share that Tromb, a leading consulting firm in digital business development, has joined forces with Ductus, a global tech consulting firm specialising in digital transformation, owned by the investment firm Broviken Gruppen.

Through this merger, advised by Stratema, the Ductus Group strengthens its position as a leading player in digital business development and IT in the northern regions of Sweden.

We’re excited to see the synergies between Tromb and Ductus and look forward to their continued success and growth 🌱 🚀

For more details, check out the link below👇

Stratema advised Spin Growth on the sale of a majority stake in Tromb to the investment company Broviken and its portfolio company Ductus.

28/08/2024

We continue to grow and are thrilled to welcome Michelle Reyes to the Stratema family!

Michelle joins us as an Associate on our M&A tech team at the Stockholm office, bringing with her a stellar academic background and impressive professional experience.

We are so happy to have you on the team, Michelle 👏 🌟

We are excited to welcome Michelle Reyes to the Stratema family as the newest member of our tech team at the Stockholm office.

15/08/2024

We're happy to introduce John Egerheim as the newest member of our M&A Tech team at Stratema!

John is currently in his final year at Stockholm University, pursuing a Master of Science in Finance. He brings a strong academic foundation from Umeå School of Business Economics and Statistics, where he specialised in advanced financial statements, valuations, and corporate finance.

Egerheim brings with him valuable experience from KPMG, AdviceX AB, and the Financial Management team at HHUS. His eye for detail, sociable nature, and great team spirit make him a fantastic fit for our Stockholm office.

We’re thrilled to have you on board, John! Welcome to Stratema! 💼 🌟

We are delighted to welcome John Egerheim as a new intern and researcher to our technology team at the Stockholm office.

13/08/2024

📊 We’re excited to share the latest edition of Stratema`s quarterly Nordic Tech M&A Outlook Report!

The report uncovers key insights and trends shaping the tech M&A landscape across the Nordic region.

🔍 Highlights of Q2 2024:

▪ Transaction Volume: The Nordic tech sector saw 80 transactions, a slight decrease from the previous three quarters, with a notable focus on SaaS (Software-as-a-Service) companies.

▪ Valuation Metrics: Publicly listed software companies are trading at around 4.0x EV/Sales, while public IT consulting SMEs have reached a median of 9.7x EV/EBITDA.

▪ SaaS Dominance: Although there was a minor decrease in SaaS transactions from Q1, the total remains consistent with historical averages. IT services and consulting have shown steady transaction volumes, aligning with pre-COVID levels.

▪ Sector Focus: Vertical SaaS remains a powerhouse, with eHealth, eLearning, and PropTech emerging as the most coveted areas. Their specialiced solutions offer competitive edges, high switching costs, and strong customer loyalty.

To access the full report, click the link below 👇

Stratema`s quarterly Nordic Tech M&A Outlook report offers an up-to-date analysis of Nordic tech transactions in Q2 2024, focusing on small-cap and mid-cap companies.