Monday 22nd of February, Oslo
Norwegian B2B e-commerce company ePartner has joined forces with Markit, a pan-European IT procurement solution, through the sale of 51% in the company.
The joint venture will provide a new level of service in the market by launching a new world class purchasing portal in May 2016 for Norwegian companies. With the reach in 28 countries it is a unique single solution for offering significant savings to Norwegian companies who have operations abroad.
ePartner has strong local team with more than 16 years of experience in the Norwegian market and strong local customer base together with supplier relationships. The new procurement portal will offer a new level of functionality and user experience for B2B IT procurement. Through all the best local providers and access to the extensive supplier network of Markit it has the best product selection in the market with more than 200 000 unique IT products available as real-time offering. The company will also launch first dedicated IT procurement apps in Norway for iOS, Android and Windows Phone.
The partnership between Markit and ePartner aims to challenges ATEA’s dominance in the local market by offering fast, focused and transparent alternative by a dynamic company.
By joining Markit Group the ePartner now extends to 28 countries through an integrated single-login solution. Markit has local presence and integrations with the biggest IT distributors in European markets and US. This offers international customers a unique single solution for centralized purchasing and helps to achieve transparency across borders while having the benefits of local next day delivery across the whole Europe and US.
The joint-venture aims to double its revenue from 7 to 14 mio EUR within next 5 years and become the first choice for Norways international companies by providing significant savings in the purchasing process and product costs. ePartner is already working with some of the leading Norwegian internationals and Markit has a strong customer portfolio of leading global brands like Western Union, Johnson&Johnson, Deloitte, ABB, Spotify, Radisson Hotels, Monier, Michelin and many more.
Hans Erik Robbestad, CEO of ePartner: “I am very happy with the new partnership and looking forward to bring a new and improved value proposal to our customers. We will have a unique solution for the Norwegian large enterprises and international global companies with the focus on controlling their IT purchasing and ensuring global implementation of their purchasing policies. With us they can have one portal for all global offices with the local customization, central control and governance model. Personally I do not view this acquisition as an exit from the company – this is a very motivating partnership and I hope I can achieve joint success together with Markit and the team.”
Andres Agasild, CEO of Markit: “Bringing together ePartner and their local experience with vastly improved product offering is very exciting. The potential in Norway is great and we would like to shake things up a bit by offering a fresh, valuable and energetic alternative to the customers. We have a great product offering available with a strong level of value for Norways international companies. Similarly, to ePartner we are already servicing some of the leading companies in the world and we have proven our value – I have a strong belief for us to be successful.”
Located in Asker, outside Oslo, ePartner is focused on offering cost efficient and transparent IT purchasing through e-commerce solutions. The company was one of the first to market in Norway with a B2B procurement portal and punch out integrations for major local customers. ePartner is working with several of the Norwegian Top 20 companies. The product range includes all ICT products, signage solutions, wireless network, IP and mobile phones. 2015 revenue was 69 MNOK, up 25% from 2014.
Markit is an IT procurement solution for companies available in 28 countries across Europe and the US. International customers can use Markit as a single purchasing platform and get the best of both the worlds – centralized global purchasing with fast local delivery. With an annual revenue of 62,8 mio EUR in 2015 Markit is a partner for a long list of leading companies in the world including Western Union, Johnson&Johnson, Deloitte, ABB, Spotify, Radison Hotels, Monier, Michelin and many more. Read about Markit at http://www.markit.eu
For more information
Mr. Hans Erik Robbestad, CEO
+47 9064 4804
Mr. Andres Agasild, CEO
Markit Holding AS
+372 50 65 189