Our mind is set on success

“Growth is in Advania´s DNA. The execution of our growth strategy has been flawless in recent years, and the management team has gained valuable integration-know how without ever taking their eye of the ball in daily operations. While growing we’ve diversified our revenue streams, strengthened our competitive position and increased our margins. Advania is ready to take on a bigger role in the Nordic IT market, where demand is growing. Public and private-sector companies across all industries are seeking to improve with the strategic and creative use of IT that has to be tailored to their needs. For them Advania is the perfect partner.” 

Thomas Ivarson, Chairman of the Board of Advania

In the last seven years total of thirteen different companies have successfully been merged with Advania, creating valuable management knowledge on how to integrate newly acquired entities, motivate their employees and shift focus towards a common objective.

Advania plans to grow further, as estimated annual 5% organic growth will continue for the next four years and the execution of its M&A strategy will simultaneously advance.

Following our growth strategy we will in the next four years :

  • Continue to grow organically – go with the market of digitalization and our customers in the Nordic Region. 
  • Continue to execute our acquisition strategy and consolidate the Nordic market. 
  • Leverage our leading position in the regional markets to sell, integrate and support cross-border products and services.
  • Strategically group together experts working in different regions to insure sharing of best practices and provide clients with top-tier expertise across borders.
  • Operate successfully in the Nordic region with continuous year-on-year growth and value creation for shareholders.
  • Become one of the top 5 IT companies listed on a Nordic stock exchange, as measured by net profit, growth and the appreciation of clients.

The Advania management team consists of experienced and highly committed team, many of whom have invested in the company. The team has worked closely together for years and in partnership with a group of Swedish and Icelandic investors.

“The IT industry has never been more exciting. The demand for clever IT solutions is higher than ever and the trend is in our favor, as businesses are truly inspired to make the most of what the industry has to offer. Advania is the leading challenger in the market, as we believe in close partnership between clients and providers, mutual trust and common objectives. We’ve stayed true to our ideology and gained the reputation as a precise, creative and sincere IT partner for public and private companies all over Scandinavia. We look forward to enlarging Advania´s footprint in the Nordic Region in the coming years by creating even more value for our customers with superior service and creative collaboration.”

Gestur G. Gestsson, CEO of Advania

Although talent is a fundamental element of success we believe that talent alone does not create value. We see brain-power as a starting point that should be developed through dedication and hard work. Advania believes that individuals and companies become smarter and more creative by challenging themselves and cultivate a mindset for growth.

Boards of directors

Thomas Ivarson has a broad international business experience. He has held several senior executive and management positions in the IT industry, at Ericsson and later EHPT AB in Sweden, CMG Wireless Data Solutions BV in Holland, Logica PLC in London, etc. He’s an investor in small and medium size companies and has significant experience of merger & acquisitions. He sits on several boards of directors. Thomas has an M.Sc. degree in Electrical Engineering from Chalmers Technical University in Gothenburg and a business degree from the University of Gothenburg.
Birgitta Stymne Göransson has extensive business and Board experience ranging from medtech, healthcare and retail to management consulting and IT. Prior to being a full time senior advisor and Board professional she was CEO of Memira Group and of Semantix, and COO and CFO of Telefos Group, CFO at Åhlens and management consultant with McKinsey & Co. Birgitta holds an MBA from Harvard Business School and M.Sc. degree in Chemical Engineering and Biotechnology from the Royal Institute of Technology in Stockholm.
Bengt Engström has held a number of senior executive positions at several companies, both in Sweden and globally, for example at Whirlpool, Bofors AB, Duni AB and Fujitsu. He sits on several boards of listed and unlisted companies and has a comprehensive experience in merging and acquiring companies. Bengt has an M.Sc. degree in Mechanical Engineering from the Royal Institute of Technology in Stockholm.


AdvInvest AB is the sole owner of Advania AB. AdvInvest consists of a group of Swedish and Icelandic investors, led by Thomas Ivarsson chairman of the Board of Directors. The Advania management team has 30% shares in AdvInvest.