August 31, 2023
Translink Corporate Finance’s partner in Sweden, Anecta, has acted as a financial and strategic advisor to Langia IT Solutions in its sale to the investment company Sareq.
Langia IT Solutions, an IT consultancy firm with a global clientele, specialises in digitalisation, microservices, and cloud solutions, with a primary focus on e-commerce solutions for medium to large businesses. Founded in 2015 by Måns B. Strandqvist, the company is a SAP partner and a leading specialist in the SAP Commerce e-commerce platform in the Nordics. Måns B. Strandqvist will continue as a co-owner and the CEO of the company. In 2022, Langia IT Solutions achieved net sales exceeding 110 million SEK. Notably, the company achieved a remarkable compound annual growth rate of over 60% between 2018 and 2022.
Sareq, a family-owned investment company with a strong entrepreneurial spirit and a genuine interest in business development, holds a long-term investment perspective and closely collaborates with its subsidiaries, providing both competence and capital to drive growth and profitability. Currently, Sareq operates nine subsidiaries with approximately 130 employees and an annual turnover of 1 billion SEK.
Måns B. Strandqvist, CEO of Langia IT Solutions, expressed his satisfaction with the partnership with Sareq, emphasising their shared vision and commitment to taking the company to new heights. He also extended gratitude to Anecta for their professional handling of the transaction.
“For a long time, there have been ambitions to accelerate growth with a partner who believes in our vision and who wants to take us to the next level. We at Langia IT Solutions are very happy to have found that partner in Sareq, who we are convinced will be able to help us reach new heights thanks to their great commitment and long-term approach. I would like to thank Translink Corporate Finance for a professionally run process and constant availability that have resulted in this very successful transaction.”
Hannes Hedberg, Associate at Anecta, expressed their pride in advising Langia IT Solutions, a well-managed company that has experienced continuous growth since its establishment in 2015. They look forward to witnessing the future achievements of Langia IT Solutions under the leadership of Måns and in collaboration with Sareq.
“We are proud to have been advisors to such a well-managed company as Langia IT Solutions. Since the start in 2015, Langia IT Solutions has managed continuous growth. It will be exciting to see what Måns and Langia IT Solutions can accomplish together with Sareq.”
Contact our Team Members advising in this transaction:
Anecta Translink, our partner in Sweden, is a M&A advisor working with national and cross-border transactions. The company’s success in this segment is based on a wide industrial network and the fact that many of the team members have backgrounds as executives in Swedish industrials.