GTO Partners Strengthens Market Position with Acquistion of Complea A/S
GTO Partners Acquires Majority Stake in Complea A/S
In a significant move within the European private equity landscape, GTO Partners, a pan-European firm focused on technology investments, has officially acquired a majority stake in Complea A/S, a leading Danish IT services provider. This strategic acquisition is aimed at spurring Complea's growth trajectory and expanding its capabilities within both existing and new markets.
Complea, which specializes in providing IT and digitalization services to both private and public sector clients, has demonstrated consistent growth under the leadership of its founder Morten Hovaldt. Established in 2010, the company has positioned itself as a formidable player in the Danish IT landscape, offering a variety of services including private cloud solutions, IT security, and operational technology. The firm has successfully showcased impressive financial results with a substantial year-on-year organic revenue increase of over 25%.
Federico Canciani, Managing Partner at GTO, expressed his enthusiasm about this partnership, stating, "Complea has built a highly successful business rooted in strong values, technical excellence, and a deep commitment to its customers. We are excited to support this next phase in the company's journey, focusing on targeted acquisitions and workforce expansion while maintaining its customer-centric approach."
GTO's investment in Complea comes at a time when the Danish IT sector is ripe with opportunities for innovation and growth. The company has recently expanded its operational capabilities, notably with the addition of a second data center that provides high-performance, secure hosting solutions. This strategic move not only reinforces Complea's commitment to data sovereignty but also enhances its service offerings, affording customers greater control over their data and operational needs.
Hovaldt emphasized the importance of partnership in this new chapter for Complea, remarking, "This investment is pivotal for Complea. Identifying an investor who shares our values and customer-centered philosophy was crucial. With GTO's backing, we're poised to scale our operations, expand our team, and create further value for our clients."
With a focus on mid-market investments within the B2B technology sector, GTO brings global expertise and a methodical approach to value creation. The firm's proven track record of nurturing companies through organic growth and strategic acquisitions presents a robust foundation for Complea's continued success.
Looking ahead, the plan includes not only expanding Complea's market share but also enhancing its service portfolio by leveraging GTO's operational strengths. As the technology landscape continues to evolve, the collaboration between GTO Partners and Complea A/S promises to drive innovation, deliver superior customer experiences, and fuel the next phase of growth for this dynamic IT firm.
As Complea embarks on this exciting journey with GTO, both entities anticipate significant advancements that will not only foster growth but also contribute positively to the Danish IT ecosystem. Together, they aim to redefine excellence in IT service delivery, striving to remain at the forefront of industry trends and client needs.
As the story continues to develop, all eyes will be on how this partnership will shape the future of IT solutions in Denmark and beyond.