"The acquisition strengthens ECIT’s position and offerings in Business Solutions, particularly in digitalisation and document processing. With a proven track record and a portfolio of significant clients, Encoma will complement our existing services in these areas. We are happy to welcome Encoma’s customers and employees to ECIT,” says Halvor Aspaas, Executive Vice President, Tech Division and Consulting Division, ECIT.
ECIT is acquiring 60% of the shares in Encoma ApS, with an option to acquire all remaining shares in the company. The acquisition has been settled partly through cash, and partly with shares.
“By joining ECIT, we are becoming part of a strong organisation with a solid foundation, enabling Encoma to provide an expanded range of services to our customers. We look forward to the collaboration and to explore the opportunities that come with being a part of ECIT", says Martin Kofoed, Managing Director & Partner in Encoma ApS.
About Encoma ApS
Encome ApS, located in Odense, Denmark, delivers document processing services. Encoma ApS has 6 employees and a revenue of 13.635 MDKK for the fiscal year ending 31.12.2023. Read more about Encoma on https://www.encoma.dk/.
About the ECIT Business Solutions Division
The Business Solutions division at ECIT specialises in streamlining and adapting business processes across industries. With extensive experience as a system provider, ECIT ensures reliable support for informed decision-making. A broad range of business solutions is delivered to enhance efficiency and automate daily operations. ECIT continues to strengthen its services and solutions based on proprietary tech offerings, aligned with the company’s long-term strategy.
About ECIT
Founded in 2013, ECIT supports a large customer base with accounting, payroll, and IT services. ECIT has a proven model for acquisitions, combining proximity to customers, local entrepreneurship and the strength of a larger international group. ECIT has a full-year proforma revenue of 3.8 billion NOK per Q3 2024 and more than 2,500 employees across ten countries. M&A has been key to drive the Company's growth as ECIT has completed more than 140 acquisitions since 2013. Read more at www.ecit.com.
For further information please contact
Mads Skovgaard, Group CFO
mskovgaard@ecit.com
+45 2780 4942
