Reinforcing offerings and capabilities
Since the pan-European private equity firm Agilitas Private Equity LLP ("Agilitas") backed the buyout of Danoffice IT in 2017, the company has followed a focused growth strategy to strengthen and expand its Danish and international market positions. Conecto will be the fourth strategic acquisition of Danoffice IT after Datacon, Npvision and most recently Edgemo, a leading national IT infrastructure product provider.
"The acquisition is part of the strategic transformation plan for Danoffice IT," says Kevin Iermiin, Partner at Agilitas and member of the board. "We are delighted by the growth of the Danoffice IT business, and this new add-on will bring the company to the next level by strategically complementing its offerings and capabilities."
The same DNA
"Becoming part of Danoffice IT will lift the potential for Conecto," says Tobias Nawrocki, CEO of Conecto. "Joining forces will increase the strategic possibilities and benefit our customers, giving them access to a supplier with an even broader range of expertise and capabilities. The Conecto family will benefit from joining an organisation with the same DNA and tremendous development opportunities. We really look forward to this new adventure together."
"There are great underlying synergies between Conecto and Danoffice IT and together they will be able to create even stronger opportunities for customers in the market, both in Denmark and abroad", says David Hald, co-founder and chairman of the board in Conecto. "Danoffice IT is the ideal backer to further accelerate the strategic journey of Conecto. I am very excited by this new partnership for our company, employees and customers."
The acquisition is expected to be completed once all the preconditions for the transaction are satisfied.