Carlsquare advised Elisa Videra on the merger with MVC
Elisa Videra has established itself as a global expert serving large blue chip enterprise customers. Elisa Videra has a unique position in the visual communication space, with a technology agnostic approach and strong managed service offerings, especially as a provider of secure video services. MVC Mobile VideoCommunication has a strong foothold in Central Europe, with operations in Germany, Switzerland and Austria and provides video conferencing and unified communications solutions. The company’s solutions are used by a wide range of businesses of all sizes, government agencies, and educational institutions.
The goal of the merger between Elisa Videra and MVC Mobile VideoCommunication is to create a strong and highly competitive international videoconferencing services provider by leveraging the complementary expertise of Elisa Videra’s global reach and technology-agnostic approach with MVC’s strong foothold in Central Europe and specialized solutions.
“The two companies complement each other, and this transaction strengthens their competitiveness and accelerates their growth and value creation. The companies have cutting-edge expertise in providing demanding international solutions, and together, they form a new, stronger provider of international videoconferencing services.” – Jari Kinnunen, CFO, Elisa
2023, the companies’ combined turnover will be around EUR 45 million, and they will employ a total of around 150 people. Sven Damberger, owner of KLP and CEO of MVC, will continue to serve as CEO of the new company.
Carlsquare acted as the exclusive financial advisor to Elisa.