IT Relation has a new majority owner
Hg acquires Adelis Equity Partners’ majority interest in IT Relation. The change of ownership does not involve any changes for customers, employees and management – IT Relation will continue its positive development in the IT outsourcing market.
Since the summer of 2016, under the joint ownership with Adelis, IT Relation has quadrupled the business through strong, organic growth and due to six successful acquisitions and integration of Softcom, AC Intellicom, WWI, DSI-Next, Front-Data and, more recently, It-afdelingen. In only a few years, the company has grown from being a strong regional player to being the leading supplier of it outsourcing service to small and medium-sized businesses. Today, therefore, IT Relation is solidly represented in Denmark with nine local offices and three large customer centres in Herning, Viby J. and Copenhagen, and the company currently has 470 employees.
“Adelis has been the perfect partner for us during the development of our company in recent years. We have received exactly the support and sparring that we had hoped we would, and Adelis’ efforts have been invaluable when it comes to the procurement and integration processes that have contributed to our success. We believe and hope that with Hg, we will have an equally good partnership, which can create further progress,” says Henrik Kastbjerg, IT Relation’s CEO.
The change of ownership has no consequences for the many thousands of customers or for employees. The founder, Henrik Kastbjerg, and the rest of the management team, Anders Kaag and Stig Bundgaard, continue their previous roles and with significant owner positions in the company.
”We look forward to working with our new joint owner. Hg is a strong, experience partner, which can contribute to the further development of IT Relation and create growth, both in Denmark and internationally. This will make the company even more attractive to our many customers and to the employees,” says Henrik Kastbjerg.
For further information:
CEO, IT Relation A/S
Tel.: +45 2069 6700