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Carlsquare advised Transition Technologies MS on its acquisition of Danish-based IT services provider ConCor A/S

ConCor is a Copenhagen-based IT services provider, predominately targeting medium and large-sized companies in Denmark and Sweden. In addition to being a long-term Salesforce specialist, ConCor is an industry expert in agile methodologies: Scaled Agile Framework (SAFe), where all partners, sales personnel and searchers are SAFe Leading certified, resulting in ConCor being a renowned agile consulting brand in Denmark.

Transition Technologies Managed Services (TTMS) is a fast growing provider of modern IT outsourcing for global corporations operating in sectors such pharmacy, industry, military, space, and education, amongst others. The basic services provided by TTMS are development and maintenance of IT systems, comprehensive project implementation, IT consulting, e-learning training, and dedicated service centers. Its wide portfolio of technologies and broad areas of expertise includes Salesforce, Adobe Experience Manager (AEM), cloud computing, Microsoft solutions, Enterprise class systems, Data Science, and Business Intelligence. TTMS is a part of Transition Technologies Capital Group that has more than 2,000 employees across 23 offices in 9 countries in Europe, Asia, and North America.

“ConCor has many years of experience in the IT industry, and knows the local market with its specificity and work culture very well. Further, TTMS maintains a rapid increase in the number of new hires. We believe that together, we will be able to reach a much larger number of customers, strengthen our brand, as well as acquire more high-margin projects. The Danish company is an attractive player, with competences that largely overlap with ours. We want ConCor to be our window to their local markets. The transaction will also bring us closer to achieving the goal of becoming a leading global provider of IT services”, says Sebastian Sokołowski, President of the Management Board of Transition Technologies MS S.A.

Carlsquare acted as exclusive financial advisor to TTMS.

Transition Technologies MS
Concor A/S