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Home PRIVATE EQUITY

Danish itm8 unites 13 leading companies in a landmark merger to form a Nordic IT powerhouse

Arctic Startupby Arctic Startup
December 19, 2023
Reading Time: 5 mins read
in PRIVATE EQUITY, SCANDINAVIA&BALTICS
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Herning-based itm8 revealed a monumental merger consolidating 13 distinguished companies under its umbrella. This union marks the coming together of IT Relation, AddPro Denmark, JDM, Mentor-it, Cenvation, Miracle42, Copenhagen Software, Sotea, AddPro Sweden, Improsec, Me’ning, Progressive, and Emineo, collectively under the unified banner of itm8. With a combined workforce of 1,762 specialists, this strategic integration is poised to redefine the IT industry’s landscape in the region.

The amalgamation, fueled by 26 strategic acquisitions, propels itm8 to the forefront as a comprehensive full-service IT provider in the Nordic market. While these companies had been operating in close coordination, the merger aims to synergize their diverse areas of expertise, fortifying the company’s competitive edge in an ever-evolving technological sphere.

itm8 stands as a Nordic digital transformation partner catering to private and public clients in Denmark and Sweden. With a robust team of 1,762 professionals, itm8 offers a comprehensive suite of services spanning IT operations, Cloud Services, Digital Transformation, Application Services, ERP, and Cyber Security. The company is jointly owned by management, investment fund Axcel, and Chr. Augustinus Fabrikker, envisioning a transformative future in the ever-evolving IT landscape. The union of these 13 esteemed companies under itm8’s unified banner sets a new precedent in the Nordic IT sphere, heralding a future defined by innovation, collaboration, and customer-centric solutions.

Henrik Kastbjerg, CEO of itm8, states, “We have been in dialogue with our customers about the future for quite some time. Customers have been very concerned about how to implement more services from our various specialist units, and we believe the best way to achieve that is by being one company. Our customers want all the great possibilities from a larger IT company with many skilled specialists, but at the same time, they want it delivered by people they know and work closely with. That’s exactly what we succeed in now by bringing all employees together in a common organization. It’s simply about getting closer in itm8 so we can get closer to our customers.”

The consolidated itm8 will function through four specialized divisions: Cloud & Infrastructure, IT Security, Digital Transformation, and Application Services. This strategic division aims to cater comprehensively to the evolving needs of clients amid a dynamic IT landscape, simplifying the navigation of myriad services and options.

“We can now leverage our entire range of IT services and specialists for our customers. In this way, we can be much more successful in acting as the necessary digital compass for our customers in an increasingly complex and turbulent technological world. With one move, all our customers, large and small, gain access to no less than 102 cybersecurity specialists, 163 software developers, 517 Microsoft Infrastructure and cloud specialists, 68 network specialists, 73 database specialists, and more. In total, we have 1,762 employees, all with an unwavering focus on creating IT with business impact for our customers,” says Henrik Kastbjerg. “With one united itm8, the ambition is also to create a workplace that is extra attractive for the most skilled IT specialists. We believe that opportunities for exciting tasks and professional development through collaboration in a strong community with both colleagues and customers will be crucial to recruiting the best IT employees for the best customers. It will be a decisive factor in the future.”

Furthermore, itm8 operates in a market where acquiring top IT talent is fiercely competitive, aggravated by a shortfall in IT education within the Nordic region. Kastbjerg emphasized that a united itm8 aspires to create an exceptionally appealing workplace for the most skilled IT professionals, fostering opportunities for growth, innovation, and collaborative development within a vibrant community of colleagues and clients.

Kastbjerg emphasized, “We are cultivating a co-creator culture at itm8. We believe that strong, innovative collaboration is crucial to creating value and progress. Our co-creator culture is not only one that we cultivate within the organization but also one that we try to include our customers in. Our strategy is a clear and distinct result of close dialogue with our customers, as well as broad involvement of the company’s many leaders across countries and IT specialties. It is only when you invite inside and collectively orient yourself toward challenges and opportunities in a transparent collaboration that you can succeed in creating the foundation for future success,” concludes Henrik Kastbjerg.

Click here to read more M&A news.

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Read the orginal article: https://arcticstartup.com/itm8-unites-13-companies-in-a-major-merger/

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