Advania boosts presence in Norway with Solv buy
OSLO, NORWAY — Managed services and information technology (IT) outsourcing company Advania has acquired software development outsourcing firm Solv, effectively expanding its presence in Norway.
The deal includes 100% of Solv’s shares from management and other shareholders. Advania plans to introduce more services to its new clients in Norway.
“We take great pride in the culture-driven and agile company we’ve built over the years. It’s with great excitement that we join forces with Advania, a company that, like us, values culture, customer closeness, and growth,” says Morten Nessler, CEO of Solv.
“This acquisition highlights our commitment to becoming the preferred IT services provider and our ambition to support our customers in creating sustainable value through their digital transformations,” says Hege Støre, Group CEO and Interim CEO of Advania Norway.
With the purchase, Advania further broadens its footprint in Europe. The IT firm also has operations in Sweden, Norway, the United Kingdom, Iceland, Finland, and Denmark.
Advania employs over 5,000 workers and offers managed services, hardware, software, and professional services to clients in both private and public sectors, primarily in the mid-market.
Founded in 2011, Solv specializes in front-end and back-end digitalization, UX, user experience, design, advisory, software development, business consulting, and more.
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