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Business Support Services | TMT

Syncore Technologies AB has been acquired by Etteplan Oyj

February 2022 — The private shareholders of Syncore Technologies AB have sold the company to Etteplan Oyj.

Syncore is a technology services company focusing on advanced embedded systems. With roots dating back to 2000, Syncore is specialized in advanced embedded systems projects such as design, hardware and software development, and product lifecycle services, particularly for customers in the industrial systems, aerospace and defense industries.

Etteplan provides software and embedded solutions for industrial equipment, plant engineering and technical documentation to the world’s leading companies in the manufacturing industry. The firm employs over 3,800 professionals in Finland, Sweden, the Netherlands, Germany, Poland, Denmark and China. It is listed on Nasdaq Helsinki.

Our role in the transaction

Oaklins’ team in Sweden acted as financial advisor to the owners and management of Syncore Technologies AB in connection with the sale to the engineering services company Etteplan Oyj. The team in Finland supported the transaction.

Service
M&A sell-side
Parties
“We see a lot of opportunities for collaboration – as a part of Etteplan, we can reach more customers and execute more complex projects. This also gives our business and colleagues diverse opportunities for development and growth. The Oaklins team has provided excellent support throughout the whole transaction, and I am impressed by Oaklins’ dedication, professionalism and pragmatic approach every step of the way.”

Mattias From

Founder and CEO, Syncore Technologies AB

Talk to the deal team

Adel Koubaa

Adel Koubaa

Managing Partner
Stockholm, Sweden
Oaklins Sweden
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Pekka Suhonen

Pekka Suhonen

Managing Partner
Helsinki, Finland
Oaklins Finland
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Lars Gustafsson

Lars Gustafsson

Partner
Stockholm, Sweden
Oaklins Sweden
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Jakob Mårtensson

Jakob Mårtensson

Partner
Stockholm, Sweden
Oaklins Sweden
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