14 Dec 2020
Supercharge, a digital transformation company, signed an agreement for the sale of a majority stake to Siili Solutions (HEL: SIILI), a publicly-listed IT consultancy.
Supercharge, headquartered in Budapest with offices in London and Amsterdam, creates digital strategies, concepts, and design, and develops future user interfaces, especially for mobile environments. Clients include Ericsson, Deutsche Telekom, and Kodak. Supercharge is growing 50% p.a. and in 2019 the Company generated revenues of EUR 7.6 million and an EBITDA of EUR 1.8 million.
Siili Solutions Oyj is a Finland-based IT consultancy that is listed on the Helsinki stock exchange.
In a first step, the Finnish acquire a 55% stake in Supercharge. With the acquisition, Siili will significantly increase its product offering for its international clients.
Closing of the transaction is expected for February 2021 and is subject to approval from the Hungary Ministry of Innovation.
Clairfield International acted as exclusive financial advisor to Supercharge. The transaction involved the global Clairfield technology team, with interested parties identified worldwide and offers received from buyers in Finland, Germany, and Mexico.