EQT-backed Iver acquires City Network
September 29, 2020
Iver, the IT operations portfolio firm of EQT which was created through a merger between Candidator and DGC, has acquired the cloud service company City Network. Based in Karlskrona, the acquired business has 50 FTEs, and delivered revenue of SEK 82.5m with an EBITDA of SEK 2m in 2019. Iver has reached sales of SEK 2.3bn and has around 1,200 FTEs. The purchase price amounted to approx. SEK 300m according to DI Digital.
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