- Skaylink acquires all shares of cVation A/S, a Danish cloud-service-provider
- Skaylink intends to strengthen its role in the pan-European market for cloud services
- Ebner Stolz advised Skaylink in the context of a Financial Due Diligence
Stuttgart, Germany, December 23, 2021 - Auditing and consulting firm Ebner Stolz provided comprehensive Financial Due Diligence support to Skaylink on the acquisition of cVation A/S (“cVation”).
cVation was founded in 2014 and is now regarded as one of Denmark's leading born-in-the-cloud service provider. With SimCorp, Jabra and Maersk, cVation can count well-known companies among its customers. The company supports its customers in integrating cloud-based solutions and through CADD, they offer a cloud platform for accelerated implementation.
Skaylink, a portfolio company of Waterland Private Equity, has become an established cloud service provider in Europe since its founding in 2019. The Munich-based company currently employs more than 600 cloud enthusiasts and has already expanded this year by acquiring AWS specialist root360 as well as Lithuanian multi-cloud-provider BTT Cloud.
The incorporation of cVation offers Skaylink the opportunity to develop markets in further Nordic countries and to expand the position as Azure-specialist. In addition, customers in other countries can expect to benefit from synergy effects of the acquisition as well as the expanded expertise in managed cloud services.
Team Ebner Stolz: Christian Fuchs (Project-responsible partner), Felix Fries, Seema Rao (both Financial Due Diligence)
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About Ebner Stolz
Ebner Stolz is one of the largest independent mid-market auditing and consulting firms in Germany and ranks among the top ten in the industry. The firm has decades of in-depth experience in auditing, tax consulting, legal consulting and management consulting. This broad spectrum is offered by 1,800 employees in the typical multidisciplinary approach in all major German cities and business centers. As a market leader in the SME sector, the firm primarily serves mid-sized industrial, commercial and service enterprises of all sizes and in every sector.
Ebner Stolz conducts cross-border audit and consulting engagements together with partners from Nexia International, one of the world's ten largest networks of consulting and auditing firms. Through Nexia, Ebner Stolz is represented in over 120 countries with more than 720 offices.