HiQ acquires Scandio
Stockholm (Sweden) / Munich (Germany) 11 May 2021 – Triton V portfolio company HiQ AB (“HiQ”) has signed an agreement to acquire Scandio GmbH (“Scandio”).
Building on its goal to become the leading tech consulting company in Northern Europe, the acquisition marks HiQ´s entry to the German market and the second transaction during 2021 following the add-on of Swedish IT-specialist Headlight Group in April.
Founded in Germany in 2003, Scandio is a high-end digital transformation services company with a strong presence in Munich, Augsburg and Berlin. The company’s offerings include IT-consulting, agile / custom development and cloud technology enabled consulting solutions. These services are offered to a large customer base, including the likes of Bosch Siemens Haushaltsgeräte, BMW, Siemens, Infineon, and Carmeq (VW), as well as being partner to Amazon Web Services. The company has a strong growth track-record driven by the digitalization boost, it´s smart people and unique culture. In March 2021 the company became a certified Great Place to Work.
“I am really excited to welcome Scandio to the HiQ group. Scandio has a track record of rapid growth with a modern and agile way of working. The competitive edge that Scandio manifests in the DACH region in combination with HiQ’s deep technical know-how and strong offerings in research and technology, business critical IT, integration, innovation, design and communication – will be truly powerful. This is a significant step in our journey of building the Northern European leading tech consultant”, says Sven Ivar Mørch, CEO of HiQ.
“We are thrilled about joining HiQ group. We have built an amazing team of coders, creatives and tech-nerds who are passionate transformers and modernizers over the last 18 years. We see a strong cultural and strategic fit in HiQ and by joining the HiQ Group we’re building an incredibly strong offering in Germany, the DACH region and the Nordics”, say Christoph Köberle and Christian Koch, founders of Scandio GmbH.
HiQ helps to make the world a better place by using technology, design and communication solutions to make people’s lives simpler and better. HiQ is the perfect partner for everyone eager to achieve results that make a difference in a digital world. Founded in 1995, HiQ currently has close to 1500 specialists in four countries and is since 2020 owned by Triton.
For more information and inspiration, please visit www.hiq.se
Since its establishment in 1997, Triton has sponsored ten funds, focusing on businesses in the industrial, business services, consumer and health sectors. The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth.
The 48 companies currently in Triton's portfolio have combined sales of around €17.7 billion and around 102,000 employees.
For further information: www.triton-partners.com