April 11, 2022
Founded in 2013, ECIT supports a broad range of accounting, payroll and IT services and solutions for a large customer base in Norway and internationally. The acquisition of XACCT Accounting AS (XACCT) cements ECIT’s strong position within Accounting and Payroll services.
XACCT is a leading provider of accounting and payroll services and are experts in internationalization, serving Norwegian customers on all continents. They provide market leading cloud-based solutions such as Microsoft Business Central, Xledger and Visma Payroll.
Peter Lauring, CEO of ECIT, commented, “We are pleased to welcome XACCT into the ECIT family. XACCT, originally a spin off from KPMG, delivers high quality Accounting and Payroll services based on a strong technology fundament. XACCT strengthens ECIT’s position to serve medium to larger customers with a highly qualified offering.”
Translink Corporate Finance’s partner in Norway, Synergos, acted as the advisor to ECIT in acquiring 100% of the shares of XACCT.
About Translink Corporate Finance
Translink Corporate Finance is an independent partnership of firms dedicated to Corporate Finance and M&A advisory services through over 35 offices in the key markets in Europe, North and South America, Asia, Australia, and Africa. Translink has been successful in advising clients on thousands of transactions since its founding in 1972 and Translink offices have acted as advisers in over 100 M&A projects during the last twelve months.
Contact our Team Members advising in this transaction:
Synergos is an exclusive partner in Norway for Translink Corporate Finance, a global network of M&A advisory firms with over 300 advisers in 35 countries around the world. Our network is unique for companies with international interest and a critical differentiator, which provides us with an unmatched reach, local knowledge, and relationships.