Acquisition of Sonex by Ementor
ATRIUM Partners advised Ementor
Acquisition of Sonex by Ementor
Sector(s) : TMT
Date : December 2007
Advisor(s) : Atrium Partners
Advised : Buy Side
Mid-Capital partner ATRIUM Partners advised Ementor
ATRIUM Partners acted as financial advisor to Ementor ASA in connection with the acquisition of 78,8 % of the shares in Sonex Group Holding UAB.
Sonex is the leading supplier of IT infrastructure in Lithuania and Latvia and has more than 400 employees dispersed in 10 offices in Lithuania, Latvia, Estonia and Russia. Sonex has four main business areas consisting of IT infrastructure, security solutions, software development and business systems (ERP). IT infrastructure represents their primary business.
In 2007 Sonex expects a turnover of EUR 65 million with an expected EBITDA of EUR 3.6. million.
The acquisition of Sonex places Ementor in a leading position in the Baltic's and underlines Ementor’s position as one of Europe’s leading suppliers of IT infrastructure. At the same time the acquisition represents an important strategic part of Ementor’s growth plans for 2010, as the Baltic’s is an area characterized by rapid growth and low costs and is close to Ementor’s Nordic markets.
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