Translink acted as advisor to the previous owners including Sentica Partners, members of the management team and key employees. Translink represented the owners of G7 Data and Chilit Oy back in mid-2016 when the new Chilit was founded together with Sentica Partners through the simultaneous acquisition and fusion of the two companies.
Chilit has a broad IT-offering that is combined with a strong sales force and a growing share of recurring offering to small and medium sized companies. The Company had revenues of EUR 33.7 million and around 60 employees located in Helsinki and Turku in 2018.
Dustin is a leading online based IT-partner with operations in the Nordics and the Netherlands.
Chilit complements Dustin in a very good way, combining products with services to deliver smart IT-solutions to small and medium sized companies. The acquisition strengthens Dustin’s position in the Finnish SMB-segment.
Translink represented the owners in the transaction. Besides leading the multifaceted negotiations and coordinating the comprehensive due diligence process, Translink delivered value by together with the Company’s management identify, quantify and communicate synergies to the counterparty.
Chilit’s CEO, Kimmo Juuti states: “Translink coordinated the process professionally from the beginning to the very end. The Translink team’s negotiation skills and experience were vital in order to get through with the transaction and finalize it.”
Read Dustin’s press release: https://news.cision.com/dustin-group-ab/r/dustin-strengthens-the-position-within-smb-in-finland-through-acquisition,c2775828