twoday acquires majority share of innovation- and tech-focused Annevo
Twoday Sweden starts off 2023 with an acquisition of the majority of the company Annevo, experts in digital innovation, development and user experience. The acquisition supports the company’s strategy to be an end-to-end provider of digital transformation for organizations in the private and public sector.
Annevo, a company based in Gothenburg with a newly opened office in Stockholm, will strengthen and complement twoday’s offering in the Swedish market with their expertise and knowledge. Together with the current business operations, it provides the opportunity of taking on more and larger development projects. Annevo also complements the business with their strong capabilities within UX/UI.
- Annevo helps customers with innovative and sustainable solutions and has had an incredibly positive development in recent years. They will be a strong addition to the ecosystem of expertise, capabilities and fantastic people that we are in the process of building. We are also proud to offer Annevo the opportunity to become co-owners on the same terms as our main shareholder, says Richard Börjesson, director of twoday’s Sweden.
We see in the new twoday brand experienced individuals with a great entrepreneurial spirit, and we recognize ourselves in the drive we see in our new partner. We see many fine synergies in the collaboration, such as the strength in procurement and the public sector, which complements Annevo's drive in the private sector. The strength of our respective employees will create change for our customers with a complete offer from prototype to commercial product. We see ahead of us a bright and exciting time, says Elias Gustavsson, CEO at Annevo.
Twoday is aiming high in regards to acquisitions and has an ambition to triple the revenue within four years.
- The acquisition is completely in line with our strategy and for me personally, who has collaborated with Annevo throughout the process, feel very excited to welcome Annevo’s management and employees to twoday. Our goal is to acquire the top companies on the Swedish market within digital innovation and Annevo is at the forefront, says Gustaf Snöbom, Growth manager at twoday Sweden.
About Annevo
Annevo is an innovation- and technology-oriented consulting company with expertise in UX/UI design and development. Annevo offers its clients expertise in all stages from concept, design, user testing and development to the finished product. Annevo works with some of the market's leading companies. Annevo also offers start-up services for both in-house employees and external companies. Annevo is housing in the heart of Gothenburg at Kungsportsavenyen 1, as well as in Stockholm City.
About twoday
twoday is a leading IT-consulting company with the primary focus of helping large and medium-sized organizations in their digital transformation. The company delivers consulting services, data-driven solutions and leading products to over 8,000 public and private organizations in the Nordics. twoday has over 2,200 technology experts that work closely with clients to create innovative solutions that transform businesses and communities. The Swedish organization in twoday has 230 employees and generates around 350 million SEK in revenue and is led by Richard Börjesson. twoday is owned by the employees and funds which is advised by investment firm CVC Capital Partners. The name twoday stands for the proximity to customers as a reliable partner in their digital transformation. twoday also stands for collaboration, availability, equality and the promise of on-time delivery.
For more information contact
Gustaf Snöbohm, Growth Manager twoday Sverige, +46 70 689 12 19
Elias Gustavsson, CEO Annevo, +46 72 326 10 57
