Keeping Public Services Running When Failure Isn't an Option

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.

Advania to Help Customers Modernize Infrastructure, Accelerate Innovation, and Improve Business Resiliency with Managed VMware Cloud Foundation Services.

In a recent interview with IT news and analysis source Silicon UK, Advania's Helena Nordin discussed the role of tech when it comes to sustainability and what we at Advania do to balance our impact.

To further strengthen its offerings within professional services in Norway, Advania AB ("Advania") is acquiring Solv AS ("Solv"). The acquisition of Solv will allow Advania to reach necessary scale also in the west coast of Norway, with enhanced capability to execute large-scale advisory, design, and development projects for both existing and new customers. The acquisition aligns with Advania's goal of becoming the preferred IT-services provider in Northern Europe.

Featured guest blog by Christine Horton, Contributing Editor at Channel Futures

While many Channel partners are making a genuine effort to promote equity in the workforce, there is still a shocking lack of women in one area, compared to men: leadership. The fact is, there are still too few women in leadership positions in the IT channel. Our CEO, Hege Støre, spoke to Christine:

To further strengthen its offerings in Sweden, Advania AB ("Advania") is acquiring RTS Group AB ("RTS"). The acquisition of RTS will strengthen Advania's capability to execute large-scale digital transformation projects and the managed services offering for both existing and new customers. The acquisition aligns with Advania's goal of becoming the preferred IT-services provider in Northern Europe.

Ottobock is a leading provider of orthopedic technology, supporting mobility and independence through high-quality, innovative products and services. In Sweden, the group includes Ottobock, Aktiv Ortopedteknik, and ExoNeural Network (ENN), with more than 400 employees, most working directly with patients in clinical settings.

The board of directors of Advania Group has appointed Sigurdur (Siggi) Thorsteinsson as the new Chief Executive Officer (CEO) of Advania Danmark, effective from 1st September 2023. Sigurdur will succeed the interim CEO, Sten Mortensen.

Advania has agreed to divest two data centre leasing contracts in Finland to atNorth AB, a Nordic data centre provider. Operating data centres is not part of Advania´s core offering, but services are provided through partnerships with leading data centre operators.  Through the divestment, Advania Finland can further streamline its IT-services offering with a best-of-breed partner handling the data centre operations.