Advania to Launch Multi-Tenant Sovereign AI Cloud in Every Market

Note: This interview is featured in the 2024 Annual and Sustainability Report.

Advania has had a year of remarkable growth. But unlike many IT companies that scale through centralisation, Advania has done the opposite – proving that local autonomy fuels success. In this conversation, Chairman Gestur Gestssonand CEO Hege Støre discuss how 'The Advania Way' drives expansion while staying true to its core values.

Note: This story is featured in the 2024 Annual and Sustainability Report.

The role of Chief Information Security Officer at Advania is newly established, but Henric Skalberg has a clear vision for its purpose: driving collaboration across markets to address shared cybersecurity challenges. 'Each of our markets has strengths, but by working together, we can achieve more and offer even greater value to our customers,' says Henric.

Advania today announced its financial results for the year ended December 31, 2024, highlighting continued growth, strong profitability, and strategic progress across its key markets.

Click here to download the Financial Statements for the Year Ended Desember 31, 2024.

Advania is pleased to announce the appointment of Janne Ahonen as CEO of Advania Finland, effective April 2025.

We are proud to share that Advania Norway and Sweden have achieved direct procurement status with Cisco. This achievement reflects our strong credit capacity and recognition of our ongoing commitment to delivering exceptional customer support.

Advania today announced the successful repricing of its existing €375 million Term Loan B, reducing the interest rate by 75 basis points and upsizing the facility to €425 million. This transaction includes a repricing of the existing loan and a €50 million add-on.

Hildur Einarsdóttir will step into the role of CEO of Advania Iceland on March 1. She brings a wealth of leadership experience, having spent 16 years at Embla Medical (formerly Össur), most recently serving as Executive Vice President of Research & Development. Hildur holds an executive education from Harvard Business School, a master's degree in biomedical engineering from Imperial College London, and an electrical engineering degree from the University of Iceland.

Advania has divested its Quality 360 application to ServiceNow (NYSE: NOW), the AI platform for business transformation. Originally developed to help manufacturing companies manage quality issues, Quality 360 will now be integrated into ServiceNow's platform, ensuring greater scalability, continued innovation, and access to a broader market.

Advania, a leading IT services provider in Northern Europe and a portfolio company of Goldman Sachs Alternatives, announces the acquisition of Visuell Teknik. The company specializes in integrated audio-visual solutions that make complex meeting room technology simple and user-friendly.

Following the full press release dated October 10, 2024; Advania acquires UK based IT solution specialist CCS Media to further accelerate growth, Advania is pleased to finalize and close the acquisition of CCS Media. All the regulatory filings have been approved and the transaction is now closed.

Advania has been awarded the prestigious "Channel Partner of the Year Award" for the EMEA region at the Canalys Forum 2024, held in Berlin. Competing against IT companies from across Europe, the Middle East, and Africa, Advania was recognized by Canalys for its outstanding financial performance, strategic execution, and leadership.

Advania, a portfolio company of Goldman Sachs Alternatives and one of the largest providers of IT services in Northern Europe, has announced the acquisition of CCS Media, one of the largest independent IT solutions providers in the United Kingdom. This acquisition aligns with Advania's strategic focus on expanding its footprint and capability within the UK market.