Borenius advised Gofore Oyj on its acquisition of Silver Planet Oy
We advised Gofore Oyj on its acquisition of the entire share capital of Silver Planet Oy, a digital transformation consulting company with a history of fast growth.
With the acquisition, Gofore will strengthen its position as an advisor on digital change and as one of the most significant builders of digital societies.
Silver Planet employs approximately 40 digitalisation experts at its office in Helsinki and has a wide network of subcontractors. The company’s services include management consulting, project management services and service design. Silver Planet’s net sales were EUR 7.2 million and EBIT was EUR 1.8 million (25% of net sales) in 2018.
The purchase price of EUR 14.3 million consists of the enterprise value of EUR 10.8 million and the compensation of EUR 3.5 million for net cash. Gofore estimates that the net sales impact of the deal is approximately EUR 7 million on the financial report of Gofore Group in 2019.