SWEDEN - Nordic Capital sells Guide to EDB

Guide will become EDB’s provider of leading-edge IT services in Sweden. The company is currently a market leader in the Swedish IT services industry specialising in project management services, system development, system integration and application management.

Since Nordic Capital’s acquisition of Guide in 2001, revenues have almost trebled through strong organic growth and add-on acquisitions thus gaining significant market share. The company had revenues of SEK 523m in 2005 and 520 employees.

'During Nordic Capital’s five year ownership period, Guide has grown and strengthened its strategic position. Guide’s management team has been instrumental in developing the company's market position and customer offering,' says Fredrik Näslund, director, Nordic Capital.

'Our partnership with Nordic Capital has enabled us to develop our business in a very successful way and we appreciate their support and backing over the years,' says Bo Jangvik, CEO, Guide. 'We welcome the opportunity to take the next step together with EDB. They have a solid knowledge of our business and offer the best platform for continued growth together with them,' he adds.

Guide will continue to act as an independent entity within the EDB-group. Guide’s CEO, Bo Jangvik and the management team will continue in their positions. The completion of the transaction is subject to approval by the relevant authorities.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Nordics