EY advised ACOS, a leading B2G software provider, on its sale to Visma

As announced 23 August 2023, EY advised ACOS, a leading supplier of digital solutions to the public sector in Norway, on its sale to Visma.

Founded in 1997, ACOS offers cloud-based software solutions encompassing document processing, archive systems, CMS systems and workflow management. These solutions are versatile - working both independently and synergistically as an integrated system. ACOS is one of Norway’s leading software providers for the public sector, serving most Norwegian municipalities and ministries, as well as several supervisory and directorate agencies. In FY22, the Company delivered revenues of c. NOK 260m.

On the other hand, Visma is a collection of entrepreneurial companies that delivers software to small business, medium and large enterprises, and the public sector. A dominant force in the software landscape of the Nordic and Benelux regions, Visma has broadened its horizons across several European nations. In FY22, Visma achieved revenues close to EUR 2.1bn. The majority stake in Visma is held by the PE firm, Hg Capital.

In late 2022, after providing exit-readiness services, EY was selected to spearhead the sell-side process commencing in early 2023.

In what is an impressive testament to the quality of our services, EY also stood out as Visma's first choice for financial and tax due diligence on the buy-side.

Sell-side team:

• Corporate Finance: Jan Erik Åsland, Erik Axelsen, Christian S. Walther, Hanne Levardsen and Roald Ross
• Transaction Diligence: Merete Skage, Kim Lutcherath, Oscar Pedersen and Mathias Misje
• EY-Parthenon: Per Flaata, Joel Sjögren, Fredrik Selmer, Erik Hidle and Dag Johnsrud Kristiansen

Buy-side team:

• Transaction Diligence: Vegard Stevning, Jens-Aleksander Lydersen, Håkon Ottesen and Gard Kjeksrud
• Corporate Income Tax: Kristian Villersø Råum, Henry Anders Cowan and Marius Brustuen
• VAT: Siri Midling Larsen and Ingrid Marie Bondø

The transaction is currently awaiting clearance from regulatory authorities.

Below you can find a selection of EY's recent deal alerts and you can also find a more extensive list on our Strategy and Transactions page.