Middlecon has been acquired by Nion
January 2026 — Middlecon has been acquired by Nion, a digital consultancy backed by Stella Capital. The acquisition strengthens Nion’s capabilities in data management and advanced analytics, enabling it to undertake larger and more complex data-driven initiatives for its customers. The partnership with Nion provides Middlecon with a strong foundation for continued growth and expansion.
Founded in 2010 and headquartered in Stockholm, Sweden, Middlecon is a specialist data consultancy and long-standing partner within the IBM ecosystem. The firm supports customers with data strategy, advisory services and delivery of modern data platforms spanning data management, big data and advanced analytics, including artificial intelligence and machine learning. Middlecon is known for helping organizations transform complex data environments into reliable, scalable foundations for insight and operational improvement. With a strong founding team and deep expertise in data integration, big data, the IBM and Cloudera ecosystems and proprietary products, Middlecon has established a solid position in the market.
Nion is a digital consultancy delivering end-to-end software development and services across application development, data platforms, AI-enabled solutions and workflow automation. Based in Stockholm, with more than 200 consultants across Europe, the company is well positioned to scale specialist capabilities across a broader customer base. Nion is backed by Stella Capital, a Nordic investment firm focused on growth-stage companies within e-commerce, software and tech-enabled services.
Our role in the transaction
Oaklins’ team in Sweden acted as the exclusive financial advisor to the owners of Middlecon in connection with its sale to Nion. This transaction further reinforces the team’s track record in advising entrepreneur-led IT services companies and tech-enabled services businesses, particularly in competence-driven segments such as data, analytics and AI, where strategic fit, positioning and talent considerations are central to value creation.
Bård Hakkestad
Co-founder, Middlecon
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