M&A & Private Equity, Tax / 19 Feb 2021

Borenius advised Gofore Oyj on the acquisition of Ccea Oy

We advised Gofore Oyj on the EUR 6.4 million​ acquisition of 95% of the shares in Ccea Oy. The ​company specialises in providing expert services and consulting on executing demanding change processes in addition to m​​anaging change portfolios and developing change capabilities​.​ The members of the executive team will continue as shareholders of Ccea Oy with a combined 5% share in the company.

We advised Gofore Oyj on both the legal and tax aspects of the transaction.​ With approximately ​50 employees, Ccea Oy achieved net sales of EUR 5.2 million and an EBITDA of EUR 1.1 million in 2020. The company’s extensive customer base consists of many of Finland’s largest internationally operating companies. The acquisition also included Celkee Oy, a fully-owned subsidiary of Ccea Oy, which specialises in measuring change. Celkee Oy achiveved a revenue of EUR 0.4 million and an EBITDA of EUR 0.1 million in 2020.

Ccea Oy will continue operating as an independent company that is reported as part of the Gofore Group from around 1 March 2021 onwards. With the acquisition, G​ofore will strengthen its position as an adviser and main service provider in large digital transformation projects in accrodawith its strategy.

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