Axcel, in partnership with Chr. Augustinus Fabrikker, has agreed to acquire the Danish digital transformation partner, itm8, to create a northern European group within end-to-end IT services through a combination with Axcel-owned AddPro.
Over the years, itm8 and AddPro have individually built strong brands and the aim is to jointly expand the offering of IT-services in the northern European area. Vinge assisted Axcel as lead legal advisor in regard to the divestment of AddPro and Swedish law aspects of the combination with itm8.
The transaction is subject to customary regulatory approvals and is expected to close in Q3 2022.
Vinge’s team consisted of Christina Kokko, Johanna Wiberg, Viktor Lennartsson and Nina Fathjalali (M&A), and Viktoria Owetz Leyva, Sara Dahlros Sköld, Christoffer Widström, Julia Hagelberg and Klara Lundquist (VDR).