August 13, 2024
Translink Corporate Finance in Finland is pleased to have acted as the financial advisor to Kaito, Northern Europe’s only Snowflake Elite Partner, on the strategic acquisition by twoday, one of the leading digital transformation partners in Northern Europe. This transaction represents a significant milestone in the data engineering and AI sector, enhancing both Kaito’s and twoday’s market positions and capabilities.
Kaito, a leading data analytics and technology consulting company formed in 2019, has established itself as a leader in modernising enterprise data platforms and delivering advanced analytics solutions for enterprise clients across industrial, financial services and retail industries. By joining forces with twoday, Kaito will benefit from twoday’s extensive resources, international reach, and market presence to drive further growth and innovation in the rapidly evolving data and AI landscape.
Saku Sell, CEO of Kaito, highlights the importance of this acquisition, saying, “Joining forces with twoday presents a tremendous opportunity for Kaito to expand our impact and reach. Our shared vision for data and AI innovation, combined with twoday’s extensive resources and market presence, will enable us to deliver even greater value to our clients. We are excited to become part of twoday and look forward to a successful future together.”
With this acquisition, twoday significantly strengthens its leadership in data engineering and AI, integrating Kaito’s deep expertise and robust capabilities combined with strong partnerships across key cloud providers, complementing twoday’s existing expertise. The combined entity will now boast over 700 data engineering and AI experts, enhancing their ability to deliver impactful digital solutions to both private and public enterprises. As part of the transaction, Kaito’s founders and key management will reinvest a portion of their proceeds and continue as shareholders in twoday.
Saku Sell acknowledges the significant role of Translink Corporate Finance in the process, saying, “We chose Translink Corporate Finance as our advisor based on their tone of communication, which clearly reflected their experience and high standards, together with strong personal recommendations. Throughout the process, they were consistently proactive, ensuring we were always up to date with the latest developments. The team demonstrated outstanding preparation and coordination at every meeting, which gave us confidence in their approach. Translink’s behind-the-scenes efforts were invaluable, allowing us to remain focused on leading the company while they expertly managed the complexities of the process. We truly appreciated their exceptional support and guidance throughout this transaction.”
Juuso Marttinen, Partner at Translink Corporate Finance, comments on the transaction, saying, “We are thrilled to have guided Kaito through this strategic transaction with twoday. Kaito’s remarkable growth, innovation and deep expertise in data and analytics have set them apart as a true leader in their field. This partnership will not only strengthen Kaito’s capabilities but also enhance their ability to deliver even greater value to clients across Northern Europe. It has been a pleasure working with the Kaito team and support them throughout this process, and we look forward to witnessing the continued success that this transaction will undoubtedly bring.”
The transaction underscores key trends in the technology sector, including the growing demand for advanced data analytics, AI-driven innovation, and the strategic consolidation of expertise to better serve enterprise clients in an increasingly data-centric world.
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Translink Corporate Finance is a world leader in cross-border mid-market M&A advisory services, specialising in transactions ranging from €10M to €250M. Established in 1972, with over five decades of experience, we get the deal done. We are a trusted global group with over 400 experts worldwide, and a proven track record with long-standing clients and deep sector specific knowledge. At Translink Corporate Finance, we are easy to approach, and our core ethos revolves around the pursuit of sustainable value creation for our clients – whose best interests always come first.
Translink Corporate Finance Finland, based in Helsinki, is one of the leading boutique investment banks in Finland. Since its foundation more than 20 years ago, its partners have completed more than 150 successful M&A transactions in different industries working closely together with business partners and industry players, both locally and internationally. In addition, Translink Finland is a Certified Adviser on NASDAQ OMX First North.
Translink Corporate Finance Denmark has – with over 25 years of experience – a strong position in the Danish M&A market, especially in the smaller and medium-sized companies. The company has been a part of Translink Corporate Finance for almost 20 years.