Imtech, based in the Netherlands, continues to expand in the Nordic countries through an additional acquisition. This time they have signed an agreement to acquire Qbranch. The Swedish IT-company Qbranch offers services such as IT-outsourcing and IT-infrastructure. Turn-over last year was approx. 412 million SEK. Qbranch was founded in 1993 with about 480 employees in Stockholm, Gothenburg and Malmö.
Moll Wendén was Imtech’s external legal advisor in the transaction.
-It’s exciting to see that Imtech now enters the Nordic countries also within its business area ICT. We are naturally very pleased that Imtech once again realy on us for their legal consultation in the acquisitionprocess, says Anders Steén, partner and lawyer at Moll Wendén. Imtech has previously used Moll Wendén as its legal advisor for the acquisition of Sydtotal among other things.
– Together with Imtech we can combine local presence with an international reach and access to additional services, expertise and delivery models. We get very exciting opportunities to build a Nordic Qbranch business. Qbranch talented employees will get the opportunity to operate in an international context and provide unique expertise particularly in the packaged services and function oriented service offers, states Ulf Engerby, CEO and cofounder of Qbranch in Imtech’s press release.
Imtech is one of Europe’s leading technical companies with approx. 27 000 employees and a turnover of approx. 4.5 billion euro. Imtech has strong market positions in the European buildings industry, infrastructure and traffic markets. Imtech has during the last three years become a major player through the acquisitions of NVS, NEA and Sydtotal, within the buildings industry, infrastructure etc. Through the acquisition of Qbranch the business area ICT (Information and communication technologies) will also be represented in the Nordic countries.
Moll Wendén was Imtech’s external legal advisor in the transaction. The team consisted of Anders Steén, David Klose, Martin Hector, David Egonson, Lovisa Elardt, Maria Moberg and Linda Andersson.