SORAINEN assisted Markit in acquiring a controlling share in ePartner, a Norwegian B2B IT products supplier. By combining the local strength and volume of ePartner with the IT purchasing system and international reach of Markit, the aim is to create a strong market position and provide a new level of service for Norwegian customers. The new purchasing portal, scheduled for launch in May, will have the best product selection in the market with over 200,000 unique IT products available as a real-time offering. It will combine all the leading local IT distributors in Norway with Markit’s pan-European network of more than 150 major distributors. The long-term aim of the joint venture is to become the first choice for Norway’s international companies by providing significant savings in the purchasing process and product costs.
SORAINEN’s advice included assisting with due diligence review, negotiating transaction documents and supporting completion procedures.