Transaction: Divestments
Date: February 2019
Deal value: Not disclosed
Process: Private
Industry: Telecom, Media & Technology (TMT)

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Carve-out and divestment of EG A/S’s Service business to DXC Technology (NYSE: DXC)

FIH Partners advised Axcel and EG A/S, a leading Nordic IT Service and Software company, on the carve-out and divestment of its Service business, one of the leading integrators of Microsoft Dynamics 365 in the Nordic region, to DXC Technology (NYSE: DXC).

The divestment of EG’s Service business includes its Microsoft Dynamics, Infor M3 and SAP practices, which will be integrated into DXC Eclipse and DXC’s SAP practice. The acquisition of EG’s Service business will significantly enhance DXC’s Microsoft and SAP practices in the Nordic region.

US-listed DXC Technology (NYSE: DXC) is the world's leading independent, end-to-end IT services company, leading digital transformations for clients by modernizing and integrating their mainstream IT, and by deploying digital solutions at scale to produce better business outcomes. The company’s technology independence, global talent, and extensive partner network enable 6,000 private and public-sector clients in 70 countries to thrive on change.

FIH Partners acted as exclusive financial advisor to Axcel and EG A/S.

The parties have agreed not to disclose the financial details of the transaction.