B3IT acquires shares in D11 Consulting Group AB

The IT consultancy B3IT Management AB acquires a majority of the shares in D11 Consulting Group AB. Carthiel and Wistrand advised the parties.

D11 Consulting Group is a knowledge enterprise offering IT specialists, project leaders and business consultants. The company was founded 2003, has 20 employees and a turnover of SEK 27.4m (2012).

B3 IT offers a variety of IT consultants and consultants within project leadership and change management. The B3IT group has a turnover of SEK 214m and after the acquisition 230 employees. B3IT has won the fast growth nomination “gasellföretag” each of the five preceding years.

The sellers were advised by Advokatfirman Carthiel through Daniel Thiel. The purchaser was advised by Wistrand Advokatbyrå through Ólafur Steindórsson.