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

Advania Iceland has signed a definitive agreement to divest two school software solutions to InfoMentor Iceland, a portfolio company owned by the Swedish software company Nordtech Group. As developing proprietary software is not part of Advania’s core offering, this divestment allows Advania Iceland to further streamline its IT services offering and provide best-of-breed software solutions tailored to the customers’ needs. This underpins the goal of becoming the preferred IT services provider in Northern Europe.

Refurbished devices in public administration are a high-quality, reliable, environmentally responsible, and overall economic option. For the past three years, Advania has been establishing a market for circular IT devices targeting educational institutions, municipalities, and cities.

Since November 2016, Advania SA have participated in incentive programmes through the Republic of South Africa’s Department of Trade, Industry and Competition. The primary objective of these programmes is to create employment in South Africa through servicing offshore activities, with a secondary objective of creating employment opportunities for the youth (age 18 to 34), and to contribute to the country’s export revenue from offshoring services.

Establishing diverse role models in all layers of your organisation is a prerequisite for fostering an inclusive work culture. Leaders must recognise the importance of recruiting without prejudice, assembling teams from various backgrounds, and encouraging employees to contribute with their own unique perspective. In this case study, Advania Norway shares its hiring philosophy and activities to introduce girls to IT as a possible career path.

Advania Sweden partnered with analysis company Radar to produce a report describing the attitudes of Swedish businesses to the circular use of IT equipment. The report showed that the transition from linear to circular management of IT hardware is slow and many Swedish businesses lack a strategy for take-back and reuse.

With the acquisition of Servium Limited (“Servium”), Advania UK will enhance its end-to-end offerings in professional services, managed services, and value-added reselling for both existing and new customers. Moreover, Advania and Servium aim to create an exceptional workplace, allowing talent from both companies to excel in a decentralized, customer-centric environment. The acquisition aligns with Advania's goal of becoming the preferred IT-services provider in Northern Europe.

After conducting the Gallup employee survey for the first time in 2022, Advania Denmark decided to improve the situation and teamed up with an external partner to create a targeted action plan for 2023. Following the plan paid off: the results for 2023 indicate that the effort was successful, with scores increasing by double-digit percentages in all areas. Bjarne Riis, HR Director at Advania Denmark tells us more about the improvements.

In 2023, Advania Iceland started a project that encouraged customers to reduce their impact by cutting unnecessary printing. There are still many companies that continue to print a lot of information on paper and send it by mail despite the increased digitalisation in Icelandic society. When asked why, the answer was often “Because that is how we have always done it.” We talked to Steingerður Þóra Daníelsdóttir, product manager at Advania Iceland, about changing this mentality and helping customers achieve their sustainability goals.

Advania has secured its third major credit rating, now with Moody's assigning a B3 corporate family rating (CFR) with stable outlook. This completes the company's credit assessment process, following recent ratings from S&P Global and Fitch Ratings, and creates a comprehensive financial profile to support Advania's growth strategy.

Advania has successfully completed a €820 million-equivalent refinancing transaction. This strategic move combines syndicated loans and private credit pools, including a €375 million term loan B and pre-placed tranches in sterling (€250 million), Norwegian krone (€100 million), and Swedish krona (€95 million). Additionally, Advania secured a new €210 million senior secured revolving credit facility due in 2030.

Advania AB, a leading Northern European IT services provider, announces a significant milestone in its growth journey with the completion of credit ratings from both S&P Global Ratings and Fitch Ratings. These independent assessments strengthen Advania's financial foundation as it continues its expansion across Northern Europe.

Advania is proud to announce the appointment of Henrik Schibler as its new Group Chief Financial Officer (CFO), effective early August. In this pivotal role, Henrik will lead the charge in shaping the company's financial strategy and help steer its overall direction. His wealth of expertise and fresh perspectives, including extensive capital market experience, make him an important asset for Hege Støre, the Group CEO, the board of directors and the business units.