Our most significant acquisitions
Learn how our acquisitions have supported our strategy and how they have made an impact on our future goals.
Pardco Group Inc.
Solteq decided in October 2016 to make a growth investment in the Nordic mid-market omnicommerce business. Omnicommerce means a retailing strategy that delivers a seamless customer experience through all available shopping channels – from brick-and-mortar shops to online stores and mobile. As part of the growth investment, Solteq has acquired the entire share capital of Pardco Group Inc.
Pardco Group Inc.is an agile ICT company that specializes in Magento eCommerce development and maintenance. Revenue is about 0.5 million euro. The parties to the deal share a will to grow in the strategically important area. Read more.
In the heart of Solteq strategy is digital commerce and international growth. In order to strengthen Solteq’s position in field of retail business in Sweden, it acquired Swedish Aponsa AB in November 25th, 2016. Taken the acquired Aponsa into account, there is now about 30 digital commerce experts in Solteq in Sweden, and even stronger expertise of retail business and LS Retail technology than before.
Aponsa AB is located in Stockholm and in Karlstad. In addition to Swedish operations, Aponsa AB has fully owned subsidiary in Riga, Latvia, that focuses on subcontracting. The purchase price (Enterprise Value, EV) is approximately EUR 1.13 million. The sellers were paid 60 % by directed share issue and 40 % by cash upon closing. Read more.
MainIoT Software Oy
On 29 February 2016, Solteq signed a contract selling the entire share capital of its subsidiary MainIoT Software Oy, provider of service and maintenance systems, to the IFS Group. The deal allows Solteq to intensify its focus on multichannel digital commerce. Read more here.
Descom Group Oy
The acquisition of Descom Group Oy created a digital commerce service provider with operations in four different countries. Descom Group with its subsidiaries was a Finnish provider of IT and digital marketing services that worked with its clients to build sales, marketing and customer service solutions, creating excellent customer experiences. Read more here.
Aldata Solution Plc
Through the acquisition of Aldata Solution Plc, Solteq’s services expanded to include supply chain management, enterprise resource planning and store and loyal customer systems. Aldata’s offering consisted of the company’s own software, Microsoft’s ERP systems and the supply chain management and optimisation products owned by the Aldata Group. Read more here.