VIEW Group acquires Avito to enhance its data management and analysis capabilities, positioning itself as a leader in the Nordic AccounTech sector.

Target Information

Avito, established in 2006, specializes in providing consulting services and technology solutions in the fields of Business Intelligence (BI)/Analytics, Data Governance, and Environmental, Social, and Governance (ESG) criteria. The company focuses on automating data collection for clients across Norway, particularly in sectors such as energy, aquaculture, logistics, finance, and real estate. With a projected workforce of 30 employees and anticipated revenues exceeding NOK 70 million by the end of 2024, Avito is well-positioned for continued growth and innovation.

Industry Overview

The data management and analytics industry in Norway has been experiencing significant growth, driven by increased demand for data-driven decision-making across numerous sectors. As businesses and organizations prioritize efficiency and sustainability, the importance of robust data governance and analytics solutions has surged. Companies are increasingly leveraging technology to enhance their operational capabilities and comply with regulations like GDPR.

The Norwegian market, known for its vibrant tech landscape, supports a diverse range of sectors, all of which are embracing data solutions. In particular, industries such as energy and aquaculture are witnessi