“Addovation brings deep technology expertise and a proven track record of delivering in-demand services to a growing and attractive customer base. Together, we aim to build the leading Nordic platform, an increasingly critical need as businesses across the region accelerate digital transformation. This investment aligns with ourstrategic focus on IT services, and we will provide resources and strategic momentum to help Addovation scale and grow faster.”, says Gudmund Killi, Managing Partner at Credo Partners.
Helps companies take control of their growth journey and scale with confidence
Management often meets hurdles and limitations when trying to grow their businesses. As a result, more are turning to professional partners who can help them scale effectively.
Addovation enables Nordic companies to transform digitally, operate more efficiently, and position themselves for sustainable growth. This is achieved through a powerful combination of software expertise, data-driven insights, and strategic advisory services. The company already supports well-known Nordic leaders such as Tomra, Jotun and Tibber, demonstrating its ability to deliver value across industries.
Addovations provides ERP systems that enable businesses to run their operations more efficiently, with a strong presence in the manufacturing sector. It has established itself as a leading specialist in IFS software, offering integrated solutions for finance, logistics, and operations.
Attractive position and strong performances
Addovation has built astrong foundation since its inception in 2008, helping companies across industries simplify operations through digital transformation.
“This is a big moment for Addovation and for our customers. Credo Partners is more than just an investor – they’re a strong, strategic partner with the tools and experience to help us scale. This means more capacity, broader competence, and an even stronger offering for our customers.”, says Joakim Hugosson, CEO in Addovation.
With more than 200 experts across Norway, Sweden, Finland, and Sri Lanka, the company has established itself as a trusted long-term partner for mid-sized and large organizations.
Expanding reach and improving IT-service offering in the Nordics
Credo Partners will contribute growth capital, strategic expertise, and access to its international network to support Addovation’s continued expansion.
“Addovation has demonstrated strong performance, backed by a diversified customer base and a solid track record across countries and industries. We see a clear strategic fit and significant growth potential. With Credo’s backing, we will build on this momentum with the management team and employees to scale Addovation into the leading Nordic partner for IFS and NetSuite, helping businesses across the region accelerate their digital transformation, including through harnessing the power of AI,” says Gudmund Killi, Managing Partner in Credo Partners.
Addovation will continue to operate under its current brand and leadership, with the same commitment to its customers, employees, and partners. The transaction will be completed after formal approval by the competition authorities.
For more information, please contact:
Gudmund Killi, Managing Partner, Credo Partners
killi@credopartners.no
Joakim Hugosson, CEO, Addovation
joakim.hugosson@addovation.com
