Third base was founded in 2011 and is located in Malmo in the south of Sweden. The company offers specialist competence in system development, system architecture and test management. The expertise of the consultants can be divided into web development, mobile solutions, app development and backend solutions. Third Base stands for quality, expertise and innovation. The company has 34 employees and a turnover of around SEK 35 million with good margins. In 2016 and 2017 Third Base was awarded with the DI Gazelle award. Third Base is targeting several industries, with the retail industry being the dominate one, including customers such as IKEA, Spotify, SEB and a major US customer.
The buyer B3IT offers advanced consultancy services within IT and management. They help their clients to improve strategies, processes, technology and organizations in a way that generates clear and fast results, for both operations and IT. B3IT has around 490 employees, a turnover of around SEK 620 million and the company's shares are listed on the Nasdaq Stockholm exchange.
IMAP advised the seller Third Base throughout the process.
Sven Uthorn, CEO of B3IT. said
"Third Base is a well-managed specialist company with good growth potential and skilled management. Therefore, we are very pleased to welcome another 34 experienced employees with specialist competence in Java and mobility services, while strengthening our presence in the Öresund region".
Stefan Lind, CEO Third Base added
"We are looking forward to developing Third Base further, together with B3IT. As part of a larger organization we expect to be able to grow faster, give our employees additional business opportunities, our customers a stronger offering, and take on more tasks at our customers".
Salto Systems is a global leader in the development and manufacture of leading-edge electronic access control solutions, particularly in sectors where security is critical.
The combined entity is able to increase its service offering to its clients through the national network of Staffing Associates and local recruitment capabilities of Holland Contracting in Poland and Romania.
Fernando Cabos, Partner at IMAP Albia Capital Spain, insists that the priority is to ensure that companies carry on, otherwise businesses will be lost. Faced with an economy suffused with soft loans and furlough schemes, he encourages business to chart new routes and execute them.
