Nordlo

Nordic IT operations services provider created through a proprietary three-way merger in mid 2018

The group provides managed IT outsourcing, cloud services and process digitalization with a strong focus on customer satisfaction and business improvements to customers from a variety of industries as well as the public sector.

Nordlo was created by combining three platforms – Office IT Partners, Dicom, and Zetup – into one nation-wide provider of IT services. Nordlo currently has 30+ offices in Sweden and Norway and plans to continue growing through M&A and organically.

Investment Thesis

• Attractive market fundamentals in the Nordic IT services market with disruptive trends such as increasing digitalization of core business processes, emergence of cloud services as well as increasing security requirements
• Further potential to consolidate a very fragmented and local IT services market
• Gap in the Nordic IT services market for a SME and smaller enterprise focused player

Main Transformation Initiatives

• Further develop the organization for international growth and increase share of recurring revenue
• Develop new revenue opportunities by further developing the service offering and becoming a trusted partner for a customer’s digitalization journey
• Pursue complimentary acquisitions in the Nordics