Sale of Jayway to Devoteam

Sector(s)
TMT
Deal type
Sell your business
Date
October 2018
Countries involved
Nordics / France

Client

Jayway is a Scandinavian design & technology firm, providing digital transformation- and innovation services to an international client base

Deal

Jayway has been acquired by Devoteam, a pure player in digital transformation of large organizations in EMEA

Parties

Lead team

  • Stig Madsen Lachenmeier

    Stig Madsen Lachenmeier

    Managing Partner Nordics
  • Erik Dahl

    Erik Dahl

    Director Nordics

What we did

Capitalmind actively supported Jayway shareholders all along the disposal process: financial analysis, advising on deal structuring, valuation guidance, praparation of marketing materials, supporting the DD process, execution support up to closing, deals tactics and negotiation.

About the deal

Jayway is a creative technology company, helping companies developing groundbreaking digital products and services to an international client base. Jayway offers end to end projects, PoC’s on new technologies, platform/API strategy, experienced agile teams and senior software specialists on mobile, web, backend & cloud as well as UX and Design.

Jayway is strongly committed to helping its customers “digitizing ideas” and has established dedicated Tech Labs to explore and apply new technologies such as IoT, VR/AR, Machine Learning and Digital Assistants.

Ranked as one of the best in the world, the company is 240 employees strong and is present in Stockholm, Copenhagen, Malmö, Halmstad and San Francisco.

Devoteam, a pure player in digital transformation of leading organizations across EMEA, has 6,700+ professionals dedicated to ensure its clients win their digital battle. Present in 18 countries in Europe and the Middle East, and drawing more than 20 years of experience, Devoteam shapes Technology for People, so it creates value for its clients, for its partners and for its employees. Devoteam targets revenues of €645 million in 2018 (ISIN: FR 0000073793, Reuters: DVTM.PA, Bloomberg: DEVO FP).

The merger strengthens both parties, and initially there are major benefits to offer innovative solutions to large international groups via a unique combination of design, high technological expertise and agility.

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