The Danish IT industry marks an important moment with twoday’s acquisition of Endeavour Invest portfolio company RelateIT. The acquisition marks a strategic expansion of twoday, enhancing its capabilities in delivering digital transformation solutions across Europe.
RelateIT, known for its expertise in Microsoft Business Central, brings to the table an impressive portfolio of enterprise resource planning (ERP) services. This move positions twoday as a formidable entity in the IT sector, offering comprehensive services across the Microsoft tech stack.
Commenting on the transaction, Anders Østergaard, Endeavour Invest CEO, noted that the sale of RelateIT was a “significant milestone in Endeavour’s M&A activities and a strong testament to the Group’s capabilities in developing new business entities.”
Enhancing Capabilities and Reach
The synergy between twoday and RelateIT promises to extend the range of services offered to twoday’s clients. With over 1000 employees in Denmark and a total of 2700 across the Nordics and Lithuania, twoday’s workforce has experienced a significant increase, with the transaction bringing a further 180 employees to the Nordic IT group.
RelateIT’s addition enhances twoday’s ability to provide holistic IT solutions, covering every aspect of the IT landscape. This integration not only augments twoday’s technical capabilities but also expands its reach in the market. The combined strengths of the two companies are set to offer clients a more diverse range of IT solutions, particularly in ERP and Microsoft technologies.
