ICT Group N.V. acquires Additude AB

Moll Wendén has been legal advisor to the Dutch company ICT Group N.V. in its acquisition of Additude AB with subsidiaries, one of southern Sweden’s leading IT consulting firms with over 160 professionals.

ICT Group is listed on the Euronext Amsterdam stock exchange and works globally with technical solutions and services. The Company has carried out its business for almost 40 years and employs more than 1 400 professionals.

”In line with our strategic direction to expand our business into new geographies, we foresee Additude to become the platform within ICT for the Northern European market offering high-profile industrial technology consulting services. We are impressed by the track record of Additude, including the realized profitable revenue growth over the last few years. From a cultural point of view, we see a good fit, which we believe is essential to collaborate and we are looking forward to welcoming Additude to the ICT family,” – Jos Blejie, CEO ICT.

Additude, located in Malmö, Sweden, with an annual turnover of around € 16 million, offers market-leading services within industrial innovation processes, project engagements and consultancy. The company’s customers include many of Sweden’s largest and technology-intensive companies.

Additude provides software and engineering consultancy services supporting customers in their product development, growth strategy and innovation processes. The company’s total range of services is primarily aimed at the IT and engineering markets. The company has been appointed the prestigious “Gasell” award by Dagens industri (The Swedish Financial Magazine) three years in a row, 2016, 2017 and 2018. This distinction is awarded annually to the fastest growing companies in Sweden.

For more information see ICT:s press release.

Moll Wendén’s team consisted of Mikael Karlsson (responsible partner), Henric Stråth, Eric Lindgren and Lina Andréasson.