FSN Capital V has signed agreements to acquire majority stakes in each of Fellowmind, eCraft and Orango
FSN Capital V* has signed agreements to acquire majority stakes in each of Fellowmind, eCraft and Orango to create a leading European Group specialized in Microsoft Business Applications and Digital Workplace
The new group unites 1,000 employees across offices in the Netherlands, Finland, Sweden and Germany under the Fellowmind umbrella brand and reports a turnover of 125 million Euro. Emiel Putman, CEO of Fellowmind, continues as CEO of the merged group where Ville Hemmilä (CEO of eCraft) and Stefan Selvander (CEO of Orango) become members of Fellowmind’s executive management team.
Marcus Egelstig, Principal at FSN Capital Partners (investment advisor to FSN Capital V): “We strongly believe we are building a unique platform. One that has people at heart and has a clear focus on their future together. We are impressed by the strong market position and unique and complementary competences of each of the platform companies and we are certain that this merger will result in an even stronger offering to employees, customers and technology partners. We are excited to start working with the leadership team and to support future growth plans, including additional strategic M&A”.
Emiel Putman, CEO of Fellowmind: “We’ve noticed the increasing demand of customers for a more integrated approach to their digital transformation. Thanks to the merger with eCraft and Orango, we are now better able to lead our international customers on their journey into digital transformation. We are delighted to have found FSN as a strategic partner for enabling our future growth. They understand our market and share the belief of putting people at heart.
Stefan Selvander, CEO of Orango: “By merging with Fellowmind and eCraft new knowledge and expertise are added to our company, our customers gain access to the full-service portfolio of Microsoft Business Applications technology and digital transformation services. With our new European strength, we will be able to serve both customers and employees who want to reach outside the Swedish market”.
Ville Hemmilä, CEO of eCraft: “We are very excited to form this new partnership as it enables us to become the leading Microsoft business applications partner in Europe. We are able to share our expertise in chosen industries internationally while enabling growth strategies in Finland accordingly. We are now able to offer an even more extensive offering to our customers and new career opportunities for our employees”.
To learn more about the companies, please go to:
The transaction is subject to approval from the competition authorities.
FSN Capital V was advised by HDR Partners, Baker McKenzie, KPMG, Bain & Company, JLT and Implement Consulting Group.
* FSN Capital GP V Limited acting in its capacity as general partner for and on behalf of each of FSN Capital V L.P., FSN Capital V (B) L.P. and FSN Capital V Invest L.P.
For more information please contact the following persons with FSN Capital Partners (investment advisor to FSN Capital V):
Marcus Egelstig, Principal FSN Capital Partners
Morten Welo, COO & Investor Relations