Gothenburg – Corporate Finance International (’CFI’) is pleased to announce that they acted as financial advisor and project manager to Squeed AB in its sale to Semcon
Squeed provides digital services through innovative and qualified IT consultants and agile coaches. Operations are conducted in three business areas: Tech – software development based on Java, .Net, cloud services, Frontend, UX as well as test and quality assurance. Agile – agile coaches that help organisations achieve greater flexibility. Studio – provision of software teams as a service. The company has 95 employees and offices in Göteborg, Stockholm and Oslo.
Semcon is a listed international technology company that provides sustainable technology that combines digital services and advanced product and production development. Semcon is also a supplier of digital aftermarket solutions for complex products and systems. The company offers specialist expertise to sectors such as life science, energy, telecom, vehicles and industry.
The transaction closed on 11 May 2021.
a debt financing of 120 M€