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itelligence expands into Finland by acquiring the leading HIRS software consultant Pasafin Oy

3J Partners advised Quiet Invest Oy on the sale of Pasafin Oy, a leading Finnish HIRS software consultant, to itelligence.

Global SAP consultancy itelligence | NTT DATA strengthens its position in the Nordics by acquiring Pasafin Oy. Over the coming years, itelligence will continue to pursue the ambition of being the preferred SAP Full Service Provider in the Nordic region. The founder of Pasafin, Anne Hiljanen, as well as the management team and the other employees of Pasafin will continue their careers at itelligence as part of the Nordic HCM team headed by Morten Bjerregaard.

Norbert Rotter, CEO of itelligence | NTT DATA Business Solutions, comments: “With the acquisition of Pasafin, the leading SuccessFactors partner, itelligence is now also present in Finland. I am looking forward to working with Pasafin, the specialists for HR matters and cloud transformation. We’re going to use this expertise to expand our position as the leading SuccessFactors partner throughout the Nordic region.”

” We are looking very much forward to being part of itelligence. itelligence is a very successful SAP partner both globally and locally in the Nordic region and we are convinced that this will be a perfect match to our strategy of expanding our footprint and to continue having an excellent reputation of delivering services on time and on budget with high quality,” says Anne Hiljanen, founder of Pasafin. “Personally, I am especially pleased of the matching values, growing capabilities and HR knowledge, creating additional value to our customers in Finland”, Anne continues.

“I’m very excited to welcome the team from Pasafin. They will strengthen our position in the Nordic region and are a perfect match to itelligence’s strategic approach to HR and HR transformation, and what our DNA is – to create value for our clients’ HR organizations by implementing and deploying business-oriented solutions that are as global as possible and as local as necessary,” says Morten Bjerregaard, Head of Human Capital Management, itelligence Denmark.

Nicolaj Vang Jessen Executive Vice President Nordics & Eastern Region comments: “For several years, it has been our strategy to get feet on the ground in Finland and with the acquisition of Pasafin we have now succeeded. I believe we have the best possibilities to grow further,” and concludes: “We are seeing a growing interest in Cloud solutions from our clients and itelligence has already supported many Nordic companies in implementing SAP Cloud solutions within several business areas. With Pasafin’s experience in SuccessFactors, we expect a significant expansion of our Cloud business and see it as an important driver for our continued growth in the Nordic region.”

Pasafin

Founded in 2005, Pasafin Oy is a trusted partner in Human Resource Information Management (HRIS), provides high-quality consulting services for SAP SuccessFactors cloud, Workday HCM cloud, SAP HCM on-premises and for other core HRIS applications. The Company’s customers are for example large corporates and the public sector. Pasafin employs about 15 people.

itelligence

itelligence AG transforms IT landscapes and business processes through the combination of innovative SAP software and technology with services and products developed in-house. itelligence’s range of services includes IT strategy and transformation consulting, software deployment and implementation, as well as application management and managed cloud services. itelligence is part of the global NTT DATA group and employs about 10,000 people across 28 countries. In 2019, itelligence generated about 1 billion euros in total revenues.

Assemblin acquired KK-Kylmäpalvelu Oy

3J Partners has advised the owners of KK-Kylmäpalvelu Oy, a leading Finnish company in maintenance and installation of cold and refrigeration technology for the public and private sector customers, on its sale to Assemblin.

KK-Kylmäpalvelu group is one of the most profitable and fastest growing HVACR service companies in Finland. The company’s services consist of maintenance and repair of refrigeration and cooling equipment, and of sale and installation of refrigeration and freezer rooms. KK-Kylmäpalvelu group’s largest customer segments are cities, municipalities and restaurants.

The Company’s operations are located in Helsinki region (KK-Kylmäpalvelu Oy), Southwest Finland (Salon Kylmäpojat Oy) and Eastern Finland (Karjalan Kylmäpalvelu Oy). The group employs about 35 installers with annual turnover of about 5,5 MEUR.

Assemblin is a complete installation and service partner with operations in Sweden, Norway and Finland with expertise in electrical engineering, heating and sanitation, ventilation, automation, data, telecom, cooling, sprinklers, security and more. Assemblin has sales of approximately EUR 970 million and employs approximately 5,900 people in more than 100 Nordic locations.

“This transaction is a remarkable step forward strategically for KK-Kylmäpalvelu Oy. We wish to both continue our growth and strengthen our operations in the future. Assemblin is a large player in the Nordics with extensive know-how and market expertise. We are very pleased to continue our journey as a part of the Assemblin group,” says Mikko Matikainen, CEO of for KK-Kylmäpalvelu Oy.

“KK-Kylmäpalvelu and its subsidiaries are companies with strong reputations and healthy profitability. We are particularly impressed with their sales and service organisation, as well as their competitive operations. Their operations and customer base are an excellent complement to our own operations. I am delighted to welcome their employees and customers to Assemblin, and I am convinced that we will add value to one another,” says Magnus Eriksson, President and Manager of Business Unit Assemblin Finland.

 “We previously identified cooling technology as a strategic investment area, so this acquisition is a great match for us both structurally and geographically. At the same time, we will gain a stronger market position, which is desirable for Assemblin in Finland,” says Mats Johansson, President and CEO of Assemblin”.