Segulah V L.P. acquires Swedish colocation business
Segulah V L.P. has entered into an agreement to acquire Sungard Availability Services’ Swedish business. The transaction was completed on September 28, 2018. Going forward, the business will operate under the new corporate name Conapto.
Conapto operates two data centers and one recovery site in the Stockholm area. The Company can trace its heritage back to 1982 when the first data center was set up and operated under the name Backupcentralen. Since then, the business has developed from primarily offering disaster recovery services to focusing on premium colocation services and offering related solutions such as connectivity and cloud access.
Segulah will appoint Ulf Engerby (Chairman) and Ann Hellenius as directors of the board. Ulf has significant experience from the IT infrastructure and cloud outsourcing market as co-founder and former owner of Qbranch. Ann, incoming CIO at Scandic Hotels, has extensive knowledge of digital transformation in both the private and public sectors.
Håkan Björklund will join Conapto as CEO. Håkan has previously spent almost eleven years at Sungard Availability Services’ Swedish business, most recently as Head of operations until June 2017.
“I look forward to working together with Segulah to grow Conapto and develop the business for our customers. We will create a platform for our clients where they can meet the IT needs of tomorrow, and be a natural step in their migration to the cloud”, says Håkan Björklund, new CEO at Conapto.
“We are excited about the prospects of investing in further developing and expanding the Conapto business together with an experienced team and competent board. Conapto is a high quality colocation operator in its segment with multiple avenues for further growth in a rapidly changing IT environment”, says Percy Calissendorff, Partner at Segulah Advisor AB.
The acquisition is the seventh investment for Segulah V L.P.
Håkan Björklund, CEO, Conapto, +46 70 559 07 86
Percy Calissendorff, Partner, Segulah Advisor AB, +46 73 347 62 81
Johan Möllerström, Investment Manager, Segulah Advisor AB, +46 72 543 79 11