Carlsquare successfully advised DAMVAD Analytics, on a merger with Amsterdam Data Collective backed by Mentha
DAMVAD Analytics, a leading advanced data analytics consultancy in the Nordics, has agreed to partner up with Amsterdam Data Collective, the fastest growing consultancy business in the Netherlands. DAMVAD Analytics supplies services within data science, advanced analytics, impact assessment and strategic consulting and has achieved a leading position among blue chip customers within life science, finance, public sector, philanthropy, and scientific research.
“DAMVAD Analytics complements Amsterdam Data Collective, shares similar values, and is involved in integrated science projects. With the right post-merger integration setup, we are sure the lessons learned can be used to further grow Amsterdam Data Collective.” – Torben Bundgaard Vad, Founder and partner, DAMVAD Analytics
Amsterdam Data Collective (ADC) was established in 2017 and has since assisted customers to become more data driven especially within the sectors of healthcare, finance and public. ADC has become a leading data science consultancy in the Netherlands on the back of several years of high demand for their highly specialized services. Thus, ADC has been among the 20 fastest growing companies for the last two years.
“This acquisition enables us to establish ourselves as a serious player in the Nordics much faster. We believe the added diversity and expertise will lead us to create better solutions with more impact.”– Rik van der Woerdt, co-founder and CEO, Amsterdam Data Collective
Backed by private equity investor Mentha, the transaction establishes a leading data science consultancy with the most innovative solutions on the market. The extraordinary cultural and technical fit creates an excellent foundation for reaching the shared goal of making organizations more data driven with data science solutions and advanced analytics.
As a part of the process the AIaaS (Artificial Intelligence as a Service) activities of DAMVAD – Tembi – was carved out and received funding from a.o. Lottrup & Co, a family office specialized in investing in growth companies.
“After having been approached by multiple potential buyers during 2021 and 2022 we decided to appoint Carlsquare as financial advisor. This turned out to be one of the best decisions we made in this process. Not only did we end up with a deal that was significantly better than when we started out, we also got an opportunity to meet multiple potential partners and discuss various scenarios for our future development.” – Anders van Dhürbourgh-Jacobsen, Partner, DAMVAD Analytics
Carlsquare acted as the exclusive financial advisor to DAMVAD Analytics.
Amsterdam Data Collective