Acquisition of CastorIT
We assisted Bilot Oyj in its acquisition of the share capital of CastorIT, a company that specialises in SAP solutions. The purchase price was paid mainly with the company’s shares. With the merger Bilot will strengthen its market position as a full-stack developer of digital business and a recognised SAP expert. The transaction will further improve Bilot’s ability to meet market demand and offer its customers an even wider scope of expertise in customer experience and knowledge-based management solutions. The arrangement creates new opportunities for Bilot to grow both locally and internationally.
‘CastorIT’s strong expertise in processes and technologies and its extensive experience in SAP ERP systems complement Bilot’s services in customer experience, sales, marketing, and knowledge-based management. Bilot will continue to implement its strategy, and it is determined to grow its digital business services in Finland and abroad’, said Mika Tanner, Bilot’s CEO, in a press release.
Established in 2010, CastorIT is a Finnish IT service integrator with strong expertise in the development of companies’ core processes and lifecycle services using SAP technology. In 2019, CastorIT’s net sales were EUR 7.3 million and operating profit was EUR 0.9 million.