Nov 6th, 2019
Solita and Ferrologic to form a North European leader in data-driven digital transformation
The digital transformation consultancy Solita has acquired the shares in the Ferrologic Group, the digital services consultancy operating in Sweden, Denmark and Belgium. Together with Ferrologic, Solita is now a North European leader in data-driven digital transformation and business design with almost 1,000 professionals in six countries.
Ferrologic currently employs close to 100 specialists in Stockholm, Gothenburg, Copenhagen and Brussels building connected, data-driven and analytical capabilities for transforming global companies. The net sales of Ferrologic Group in 2018 amounted to EUR 13,1 million (SEK 140 million). Ferrologic was founded in 2001 by Johan Thyblad, Carl Tivelius and Anders Tholén.
Complimenting Solita’s offering, Ferrologic strengthens companies’ digital capabilities within information management, API connectivity, process excellence, data science and analytics. Based on these capabilities, Ferrologic helps customers to design and build automated and data-driven processes and services, from idea to solution.
With Ferrologic and the recently acquired data consultancy Sparks AB, Solita now employs almost 1,000 strategic consulting, service design, software development, analytics, cloud services and integration specialists in Finland, Sweden, Denmark, Estonia, Belgium and Germany. With the acquisition of Ferrologic, Solita enters the Danish and Belgian markets in addition to its current home markets.
Complementing offerings and cultures
“We are excited to have found an inspiring and highly-skilled partner in Ferrologic. The world of digital transformation and the possibilities of data, artificial intelligence and IoT are moving fast forward. Both Solita and Ferrologic have built their success on respecting the importance of continuous learning, embracing a strong company culture and world-class, innovative customer work. We believe there is a strong demand for our combined offering,” commented Solita’s CEO Jari Niska.
“With the strong match between our competences and company cultures, it is easy to see the synergies for our customers, employees and partners. Both Solita and Ferrologic specialise in creating value out of information and helping our customers succeed in new digital ecosystems. Together we now have the scale, flexibility and competence palette to support our customers’ digital journeys in a much stronger way, ” commented Ferrologic’s CEO and co-founder Johan Thyblad. The founders and the management of Ferrologic will continue to work in the joint group, and the shareholders of Ferrologic will become owners of Solita.
Demand for data-driven capabilities and services is growing fast in Europe and worldwide. Solita’s customers include Amer Sports, Finnair, Fortum, Readly, Skanska, Tradera and Voi. Ferrologic’s customers are global companies within manufacturing, telco, energy, retail and finance.
Founded in 1996, Solita has a solid history of continuous, profitable growth with turnover reaching 91 MEUR in 2018. In 2019, Solita’s turnover is estimated to reach 110 MEUR. Solita is owned by Apax Digital Fund together with nearly 400 employee shareholders. Solita will continue to recruit experts in data, service design, software development, cloud technologies and integration. For more information, please see www.solita.fi/en/careers/
Solita Group, CEO Jari Niska, tel. +358 40 5246 400, email@example.com
Ferrologic Group, CEO Johan Thyblad, tel. +46 (0)70 673 1008, firstname.lastname@example.org
Media: Communications Director Minna Pinola, +358 40 5166 024, email@example.com
Solita is a fast-growing digital transformation company driven by data and human insight. We create culture, services and tech solutions that help us reinvent businesses and society for the better. Our services range from strategic consulting to service design, digital development, data, AI & analytics and managed cloud services. Established in 1996, Solita now employs close to 1000 digital business specialists in Finland, Sweden, Estonia, Germany, Denmark and Belgium. www.solita.fi/en
Ferrologic is a consultancy that creates business value out of digital information with agile information management. The company focuses on helping its customers succeed in new digital ecosystems by designing and building the faster, connected, data-driven and analytical enterprise, transforming both organisations and their data and IT architecture. Ferrologic currently employs about 100 specialists in Sweden, Denmark and Belgium. www.ferrologic.se