Orango acquires Itero and becomes the largest Microsoft Dynamics NAV partner in Sweden
Censor has on behalf of the owners acted as advisor in connection with the change of ownership when Orango AB acquired Itero Holding AB.
Orango acquires Itero
Target
Itero AB
Itero has been working since 2002 with offering and developing IT systems and services for its clients’ business management. Itero works with Microsoft’s Dynamics NAV and Power BI business systems. The business consists of 40 employees with offices in Gothenburg and Stockholm.
Buyer
Orango AB
Orango is one of Sweden’s foremost specialists in business systems with just over 110 employees and over SEK 130 million in annual sales. The operations are located in Malmö and Stockholm. Orango is owned by the majority of Sobro, which invests in growth companies. Sobro’s companies have combined annual sales of 3.6 billion.