June 3, 2020
Konehuone is a leading Finnish solution and services provider focused on datacenter modernization.
Through the acquisition, both Konehuone and NetNordic will strengthen their competence and capacity to deliver market leading solutions and services in the Nordic system integrator market.
Konehuone is a trusted advisor to its customers with a strong focus on modern hyperconverged solutions for datacenters and associated professional services. Datacenter modernization combined with experienced professional services creates the key elements for a successful journey towards hybrid cloud. Konehuone is able to support their customers on this journey with their extensive experience from many successful projects regarding datacenter modernization.
“NetNordic has been present in Finland for ten years and has patiently waited for the right opportunity to acquirer a quality company with the right competence and culture that would be a good fit with us and also to enhance our industrial and geographical platform for further growth. Konehuone has an impressive growth history and has over the years proved that they serve demanding customers with the highest quality. We look forward to learning and contributing to the continued development”, says Jarl Øverby – CEO of NetNordic Group.
”NetNordic has a strong position in Nordics within cybersecurity and networking, and this gives us a good foundation to expand our datacenter solutions portfolio to our customers advantage. Konehuone will continue to develop its capability to modernize datacenters and help customers along their journey towards hybrid cloud. As part of the NetNordic group, Nordic co-operation and expansion of our solutions portfolio creates the needed elements to a strong growth and bright future for Konehuone”, says Ilari Weide – CEO Konehuone
“The values that guide our business and operations in every- day life are: Customer respect, trust, progress, teamwork and professionalism. These values are an excellent match with the values that NetNordic represents. To our customers, we act as a partner and trusted advisor in assessing current solutions, development planning, new implementations and supporting customer’s solutions in everyday operations. It is important for us that our professionals are experienced, highly certificated and provide a high class of customer experience and satisfaction”, says Kari Alhonen – Director Services Konehuone
With this acquisition NetNordic gains a strong position in the Finnish datacenter market, a platform for developing the business in Finland, and strengthens the groups capabilities in the Nordics.
Konehuone has 19 employees, located in Espoo, Finland. Estimated revenue for 2020 is EUR 12 million. The shareholders in Konehuone are reinvesting in NetNordic and will continue to focus on developing the business in Finland and the Nordics.
Jarl Øverby, CEO, NetNordic Group
Email: firstname.lastname@example.org, Phone: +47 982 17 009
Ilari Weide, CEO, Konehuone,
Email: email@example.com, Phone: +358 40 080 4734
NetNordic is a Nordic system integrator, specialized in the area of network, security, data center and business communication. NetNordic deliver customer specialized solutions and services. We always strive to be our customers’ “Best Companion”, we want to help our customers with their digital enablement through design, delivery and management of next generation services and solutions. NetNordic is headquartered in Oslo. NetNordic had approximately 1,5 billion NOK revenue (pro forma) in 2019. After the acquisition, the company has approximately 400 employees in 14 offices in the Nordic countries, and our solutions are distributed through subsidiaries in Norway, Sweden, Denmark and Finland. Majority shareholder in NetNordic is Norvestor. Read more at www.netnordic.com and follow us on social media.
Suomen Konehuone Oy is a Finnish entrepreneurial solution and services provider founded 2003. Konehuone is highly skilled, experienced, agile and effective partner to develop datacenter infrastructure. Focus areas of Konehuone are: datacenter modernization, storing and securing data and professional services. Turnover of Konehuone 2019 was EUR 12M and number of personnel 19.
Norvestor is a leading private equity company focusing on lower mid-market buyouts in the Nordic region. The team has worked together since 1991 making it one of the most experienced private equity teams in the Nordics, having executed 72 investments with >250 add-on acquisitions, in addition to executing 50 exits, including 15 IPOs. The Fund seeks to invest in growth companies in the Nordic mid-market that have the potential to achieve a leading Nordic or international position, typically through organic growth, acquisitions across fragmented industries or by geographic expansion. Read more at www.norvestor.com