23.3.2023

Sparc Group – Acquisition of XaaSIT

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Mergers & Acquisitions

We assisted Sparc Group in its acquisition of the entire share capital of XaaSIT Oy, a Finnish company primarily offering cloud-based IT solutions with a strong focus on IT security.

Through the acquisition, Sparc Group enhances its position within the IT security sector in the Nordics.

Sparc Group is a Swedish group of companies focusing on companies within the heating, ventilation and sanitary, electricity, data technology and security sectors. Currently, Sparc Group consists of over 50 subsidiary companies with over 650 employees. The group’s total turnover in 2021 was SEK 1.2 billion.

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