Translink Corporate Finance acted as exclusive financial advisor to Aveso, a Finnish IFS consulting firm, on its sale to FLEXiCODE, a portfolio company of EOS Capital

Translink Corporate Finance’s teams in Finland and Germany acted as exclusive financial advisor to the shareholders of Aveso Oy, a leading Finnish IFS partner specializing in IFS implementations and consulting services, on the sale of the company to FLEXiCODE GmbH, an IFS partner backed by EOS Capital, based in Germany and Switzerland. The combination establishes one of the largest pure-play IFS Cloud service providers in Europe, with more than EUR 25 million in combined revenues and around 150 specialists across the Nordics and DACH region.

Aveso – a trusted IFS partner in the Finnish market

Founded and headquartered in Finland, Aveso has built a strong reputation as a specialist in IFS Cloud implementations, upgrades and managed services. The company serves customers in manufacturing, energy, and service and project-driven industries, delivering end-to-end IFS expertise from initial deployment through to long-term support. Aveso’s capabilities span IFS ERP, EAM and FSM implementations as well as comprehensive data management services including data warehousing, business intelligence, master data management, data quality and data migrations. With a team of 48 professionals across three locations in Finland and a loyal customer base, Aveso has established itself as the leading IFS partner in the Finnish market.

A strategic combination to accelerate IFS growth across Europe

The acquisition of Aveso represents a compelling strategic step for FLEXiCODE as it continues to build its European platform as a premier IFS partner. Founded in 2018, FLEXiCODE is the leading IFS partner in the DACH region, serving more than 65 IFS customers with a strong focus on ERP and FSM implementation, cloud migration and managed services. By combining with Aveso, FLEXiCODE deepens its expertise in IFS EAM and FSM while adding Aveso’s data management capabilities and established Nordic customer relationships. The combined group generates approximately EUR 25 million in revenue and employs around 150 specialists, positioning it as one of the largest pure-play IFS Cloud service providers in Europe. The transaction reflects the ongoing consolidation in the IFS partner ecosystem, as leading regional specialists come together to build scaled platforms capable of supporting enterprise-grade implementations globally.

Comments from Aveso

Sami Heino, CEO of Aveso, highlighted: “Working with Translink Corporate Finance was seamless and highly professional from start to finish. They managed the entire process with precision and efficiency, coordinating smoothly between multiple parties throughout the transaction and had a deep understanding of our business and the market we operate in. The team led the negotiations with expertise, helping us achieve the most successful outcome. We would definitely recommend Translink Corporate Finance to other IT-service companies for sell-side transaction!”

Comments from Translink Corporate Finance

“We were pleased to support our Finnish tech team in the successful completion of this fantastic cross-border transaction. The combination of Aveso’s deep IFS domain expertise and long-standing Nordic customer relationships, and FLEXiCODE’s strong capabilities creates a compelling foundation for continued growth and value creation. We wish the management team and the new shareholder every success in the next chapter of their journey.” Anna Klein, Partner at Translink Corporate Finance Germany, adds.

About FLEXiCODE

FLEXiCODE is a Germany- and Switzerland-based IT services provider focused on the IFS ecosystem. The Company supports its clients with ERP and FSM implementation, cloud migration, managed services, and complementary proprietary software solutions. With a strong reputation and a loyal customer base, FLEXiCODE is positioned as a trusted partner for digital transformation in the DACH region and beyond.

About EOS Capital

EOS Capital is a Germany-based private equity firm focused on technology-enabled business services and software and IT services.

About Aveso

Aveso is the leading Finnish IFS partner and official IFS reseller with three locations across Finland, delivering end-to-end services for IFS Cloud, including implementation, development, support, and maintenance. The company has strong experience in ERP projects in the energy sector and manufacturing industry. Aveso’s services also include system integrations and comprehensive data management services (data warehouse, business intelligence, master data management, data quality and data migrations).