Nordic Capital-backed Conscia buys XevIT

Following this add-on, Conscia intends to bolster its expansion across the DACH region, boost its growth in Scandinavia, the Netherlands and Slovenia – where it already has a strong presence – and further consolidate its position in the IT security and infrastructure segment. 

Conscia has made eight bolt-ons over the last five years and quadrupled its turnover from €70m to €280m.

Nordic Capital acquired Conscia in a secondary buyout from Axcel Management in March 2019, investing from Nordic Capital IX, a €4.3bn fund that closed in May 2018. The sale ended a holding period of almost four years for Axcel, which originally acquired the business with equity from its DKK 3.6bn fourth fund.

Company
Established in 2001, XevIT is an IT infrastructure business, providing data centre, security and network services. The company specialises in IT for the healthcare sector and has developed a communication platform that interconnects more than two million users across hospitals, clinics and practitioners. 

XevIT is headquartered in Ettlingen, with additional offices across Germany and the Netherlands; it employs 110 staff and generates revenues of around €40m.

People
Nordic Capital Partners – Fredrik Näslund (partner).
Conscia – Claus Thorsgaard (CEO).

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