Ukrainian tech firm Beleven acquires Swedish company Agena Tech
LYIV, UKRAINE — Beleven, a Ukrainian leader in mobile and digital solutions, has announced the strategic acquisition of Agena Tech, a Swedish technology company with a strong presence across the Nordic region.
The acquisition provides Beleven with an expanded portfolio and capabilities by integrating Agena Tech’s industry expertise, technical know-how, and established client base.
Agena Tech brings a robust roster of leading Nordic companies as clients, including Roche, Åhlens, PwC, and Carlsberg. This will give Beleven a competitive edge and pivotal foothold in the Nordic market.
“This acquisition represents a significant milestone in our company’s story. The union of Agena Tech’s innovation and beleven’s deep experience of tech development will fast-track new groundbreaking solutions and elevated service levels,” Beleven CEO Roman Nazarkevych shared on LinkedIn.
The acquisition value was not disclosed. Beleven, founded in 2013, is a Lviv-based mobile and technical developer known for its innovative solutions. Agena Tech was founded in 2020 and is based in Stockholm.
The conflict between Ukraine and Russia severely impacted Ukraine’s economy. However, signs of recovery are evident.
For the first time since Russia’s invasion, Ukraine saw a 19.5% annual growth in its gross domestic product (GDP) in the second quarter, rebounding from the major downturn following the Kremlin’s attack in February 2022.
Amidst ongoing conflict adaptations, the National Bank of Ukraine forecasts a 2.9% economic growth in 2023, buoyed by rising consumer spending.
