Press release | Advania acquires Solv in Norway
Hege Støre, Group CEO and Interim CEO Advania Norway and Morten Nessler, CEO Solv AS
Acquisition 2024.03.12

Advania acquires 100% of Solv AS in Norway

To further strengthen its offerings within professional services in Norway, Advania AB ("Advania") is acquiring Solv AS ("Solv"). The acquisition of Solv will allow Advania to reach necessary scale also in the west coast of Norway, with enhanced capability to execute large-scale advisory, design, and development projects for both existing and new customers. The acquisition aligns with Advania's goal of becoming the preferred IT-services provider in Northern Europe.

Key transaction highlights 

  • Advania has acquired 100% of the shares in Solv from management and other shareholders.
  • Advania is the leading IT-services provider for the mid-market in Northern Europe, with operations in Sweden, Norway, United Kingdom, Iceland, Finland, and Denmark.
  • Solv is a Norwegian, privately owned IT services company specializing in large advisory, design and development projects offering tailored solutions for their customers.
  • The acquisition enables Advania to scale its existing services and introduce new services to clients in Norway.

Moreover, Advania and Solv aim to create an exceptional workplace, allowing talent from both companies to excel in a decentralized, customer-centric environment. 
 
"We take great pride in the culture-driven and agile company we've built over the years. It's with great excitement that we join forces with Advania, a company that, like us, values culture, customer closeness, and growth," says Morten Nessler, CEO of Solv

“Welcoming the entire Solv team to Advania is incredibly exciting. This acquisition highlights our commitment to becoming the preferred IT services provider and our ambition to support our customers in creating sustainable value through their digital transformations," says Hege Støre, Group CEO and Interim CEO of Advania Norway. 

 

For more information, please contact:  

Solv AS
Morten Nessler, CEO Solv AS
E-mail: morten.nessler@solv.no 
Phone: +47 902 10 300

Advania AB 
Hege Støre, Group CEO and Interim CEO Advania Norway 
E-mail: hege.store@advania.com 
Phone: +47 901 42 548

About Solv AS

Founded in 2011, Solv is an IT consulting company with 45 competent employees in the Stavanger region. Key offerings are advisory, development and design services through a wide range of projects within in the private and public sector.
For further information, please visit www.solv.no 

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