Atea AS (“Atea Norway”) has entered into an agreement to acquire Sherpa Consulting AS (“Sherpa”), one of the largest independent providers of business intelligence and data analytics in Norway. Sherpa is located in Oslo, with a team of 47 highly skilled employees.
“As organizations digitalize and store ever more information in their IT systems, they are creating opportunities for real-time intelligence and innovation on a scale which they are only just starting to realize,” explained Michael Jacobs, Managing Director of Atea Norway. “Atea aims to be at the forefront of enabling customers to derive insights and enhance their operations based on the information they now control.”
“Through the acquisition of Sherpa, we are expanding our team to better serve our customers’ growing needs for consulting and support in business intelligence and data analytics. After the acquisition, we will have approximately 100 consultants in Norway specialized in these areas. These consultants are actively engaged with customers on many cutting edge projects," says Michael Jacobs, Managing Director Atea AS.
“We are tremendously excited about the market opportunities which joining an industry leader like Atea will bring,” commented Sigbjørn Høgne, CEO of Sherpa Consulting AS. “Atea is by far the largest provider of IT infrastructure solutions in Norway, and is a trusted adviser for many of the largest companies and public sector organizations in the country.”
Sherpa is expected to generate revenue of NOK 78 million and EBIT of NOK 11.5 million in 2018. Atea will acquire all shares in the company for an enterprise value of NOK 60 million.
For further information, please contact:
Steinar Sønsteby, CEO, Atea ASA, mobile +47 930 55 655
Michael Jacobs, Managing Director, Atea AS, mobile +47 90 82 82 16