Rautenberg Moritz & Co. advises HiQ and Triton Partners on the acquisition of Scandio.

Our team advised HiQ International AB, a portfolio company of Triton Partners, on the acquisition of Scandio GmbH. Signing of the transaction took place in May 2021.

HiQ, a Triton V portfolio company since 2020, is a leading Nordic digital transformation company that uses innovation and deep technical know-how as a corner-stone for building outstanding digital solutions. HiQ is present in all industries, helping organisations to strengthen their businesses, simplify the experience of their users, and streamline operations. Founded in 1995, HiQ is headquartered in Stockholm and has more than 1,500 employees across four countries. The acquisition of Scandio marks HiQ’s entry into the German market and the second transaction during 2021 following the add-on of Swedish IT-specialist Headlight Group in April.

Triton Partners is an investment firm that invests primarily in German-speaking countries, the Nordic countries, the Benelux region, France, Italy, Spain and the United Kingdom. Focusing on companies with the potential to create sustainable, long-term value through changing economic cycles, Triton is currently invested in 48 companies in Europe, with combined sales of around EUR 17.7 billion and around 102,000 employees.

Scandio is a high-end digital transformation services company with a strong presence in Munich, Augsburg and Berlin. Scandio’s offerings include IT-consulting, agile / custom development and cloud technology-enabled consulting solutions. These services are offered to a large customer base, including the likes of Bosch Siemens Haushaltsgeräte, BMW, Siemens, Infineon, and Carmeq (VW). Scandio is also a partner of Atlassian and Amazon Web Services. The company was founded in 2003 and employs over 100 employees.

Our team around Arndt Rautenberg advised HiQ and Triton Partners throughout the process, in particular with a Commercial Due Diligence.