Combined Excellence is expanding by acquiring Elvenite, a leading service provider to the food & beverage industry with cutting-edge skills in ERP and Business Intelligence.
In the ten years it has been operating, Elvenite has delivered stable growth and profitability and has gained a solid customer base including companies such as Marine Harvest, Lantmännen, Kavli, Skånemejerier, Coop Värmland and Elkem.
Elvenite will continue to operate as it has up to now, as an enterprise-driven company under its own name, though it will form part of Combined Excellence from now on.
”We are strengthening in our Digital Operations service domain, where we have tremendous belief in Elvenite’s cutting-edge skills in industry-specific core processes. This therefore supplements our range with the world-leading ERP system Infor M3 while at the same time we are gaining wider expertise in relation to the Qlik analysis platform. Added to that, we are gaining a further 45 highly skilled colleagues in the group. It is enormously exciting. Together, we will become even stronger with the tremendous opportunities for future business synergies that we can see”, says Niklas Hellberg, Chairperson of Combined Excellence AB.
”We are incredibly proud and happy to become part of Combined Excellence. Our previous industry focus on well-known trademarks in our customer portfolios, similar corporate cultures and, in particular, our competent and committed employees, make our companies an extremely good fit”, says Johan Gotting, CEO of Elvenite AB.
”As part of Combined Excellence, Elvenite contributes both local connections and international experience and range. Our close cooperation with the world-leading business systems supplier Infor and other partners continues to form a key element of our strategy. We will continue to deliver value and customer benefit by combining the flexibility and agility of a small company with the resources and capacity of a large company.”
”Last but not least, the operation means more career opportunities for our highly skilled employees”, concludes Johan Gotting, CEO, Elvenite AB.
About Combined Excellence
Combined Excellence is a group focusing on active ownership of expert companies operating in the area of digitalisation. We grow together and generate synergies through collaboration. The group, with its operational companies Ninetech AB, Netgain AB, CloudPro AB, SiteDirect AB, TWO AB, Viewbase Solutions AB and Smartsourcing AB, has total sales of just over 270 MSEK (RTM) with a rapid rate of growth. The group also owns interests in Beebyte AB.
Elvenite AB, with offices in Stockholm, Karlstad and Oslo, employs around 45 people, including in its subsidiary Elvenite Managed Services AB. Elvenite is a world-leading service provider to the food & beverage industry, with cutting-edge skills in ERP and Business Intelligence. The company’s value proposition includes Infor M3, Qlik and Microsoft platforms for analysis and data storage. The subsidiary Elvenite Managed Services offers effective solutions with respect to application management and support of M3 installations and data warehouse solutions. The Elvenite group has total sales of around 56 MSEK (RTM).
For more information, please contact:
Niklas Hellberg, Chairperson of the Board of Directors, Combined Excellence AB
Tel.: +46 70-7134949
Johan Gotting, CEO Elvenite AB
Tel.: +46 76-1354501