FL Partners has advised the Danish IT supplier Exato on its sale to the Nordic IT concern Dustin Group.
Exato specializes in standardized IT infrastructure and security solutions that customers purchase on a subscription basis. In 2019, Exato had a turnover of approximately 30 MDKK, with more than half of the turnover deriving from subscription services to small and medium-sized companies. The company has 21 employees in its offices in Copenhagen and Odense. Exato is sold by the four founders, who all remain in the company.
Dustin is a leading Nordic IT concern, with more than 1.800 employees and nearly 40 years of experience in the industry. The company offers more than 250.000 products with associated services for primarily small and medium-sized companies. In 2018/19, Dustin generated approximately 12,5 billion SEK in revenue.
Exato thereby enters a larger organization that can ensure a faster and broader approach to the market for the company’s standardized solutions, including a new suite of attractive security products. In addition, the acquisition of Exato results in Dustin expanding its portfolio of standardized solutions and strengthening the capacity within managed services in Denmark.