M&A & Private Equity, Tax / 10 Aug 2020

Borenius advised Gofore Oyj on the acquisition of Qentinel Finland Oy

We advised Gofore Oyj on the acquisition of Qentinel Finland Oy, a company that specialises in software quality assurance and testing automation. With approximately 100 employees, Qentinel Finland Oy achieved net sales of EUR 12 million and an operating profit (EBIT) of EUR 1.7 million in 2019. The company’s clientele consists of major private sector organisations and public sector clients.

Qentinel Finland Oy will continue to operate as an independent company that is reported as part of the Gofore Group as of 1 September 2020. Synergies are expected to increase in client operations as a result of the cross-sale of services. As part of the Gofore Group, Qentinel Finland will make use of the group’s services to boost its growth.

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