Norvestor Advisory AS is set to acquire a majority stake in Pearl Group, a leading Nordic IT solutions provider, to leverage growth opportunities in the rapidly expanding outsourced IT services market.

Target Information

Norvestor Advisory AS has reached an agreement to acquire the majority stake in Pearl Group, a premier Customer Experience and Enterprise Resource Planning (ERP) partner in the Nordic region. With a robust portfolio of IT solutions and operations, Pearl has carved out a significant market share in the rapidly growing outsourced IT services sector.

Founded in 2006, Pearl Group has established itself as a leading player by offering differentiated lifecycle solutions that provide tangible value to clients. The company's core competences lie in ERP systems, which are integral to businesses' digital transformation processes. Offering services in ERP, Commerce, CRM, logistics, and cloud migration, Pearl serves around 50 prominent retail and e-commerce clients, generating revenues of approximately NOK 315 million. The company is headquartered in Lysaker, Norway, and has additional offices in Sandefjord, Norway; Riga, Latvia; Stockholm, Sweden; Kyiv and Kharkiv, Ukraine; and Singapore, employing around 170 full-time staff.

Industry Overview

The Nordic IT services market has been experiencing considerable growth, driven by an increasing demand for digitalization and efficient business operations. Companies across vari