Fellowmind, eCraft and Orango merge to create European Microsoft Business Applications platform
FSN Capital investment boosts buy and build strategy
Copenhagen, 5 November 2019 – FSN Capital and the merging companies eCraft, Orango and Fellowmind are building on a leading platform for Microsoft Business Applications and Digital Workplace. FSN Capital enables the platform company to intensify their buy-and-build strategy. The merged European platform builds on Fellowmind’s identity and the shared vision of the merging companies. The company sees technology as the enabler of better human connections, and human connections at the core of a digital future .
The merge of Fellowmind, Orango and eCraft
FSN Capital facilitates the merge of Fellowmind with Orango and eCraft. Orango is the leading partner in Sweden in the field of Microsoft Business Applications and has a workforce of 240 people working in seven offices spread over the country. eCraft is the largest Microsoft Business Applications partner in Finland and has 290 employees working on the full range of Microsoft Business Applications. After the merger, Orango and eCraft join the Dutch entities CRM Partners, Pulse and AXtension, the German CRM Partners and the Swedish company Endeavor as part of Fellowmind..
The new Fellowmind group has 1,000 employees across four European countries and a combined turnover of 125 million euro. The strategic vision is to deploy a balanced portfolio of Microsoft Business Applications and Digital Workplace technology over the next five years, supported by a multinational workforce of 2,500. The companies that are part of Fellowmind have their own, specific profile and identity next to being a full member of the Fellowmind family.
Emiel Putman, CEO of Fellowmind: “We’ve noticed the increasing demand of customers for a more integrated approach to their digital transformation. Thanks to the merger with eCraft and Orango, we are now better able to lead our international customers on their journey into digital transformation. We are delighted to have found FSN as a strategic partner for enabling our future growth. They understand our market and share the belief of putting people at heart.
Marcus Egelstig, Principal at FSN Capital: “We strongly believe we are building a unique platform. One that has people at heart and has a clear focus on their future together. We are impressed by the strong market position and unique and complementary competence of each of the platform companies and we are certain that this merger will result in an even stronger offering to employees, customers and technology partners. We are excited to start working with the leadership team and to support future growth plans”.
Stefan Selvander, CEO of Orango: “By merging with Fellowmind and eCraft new knowledge and expertise is added to our company, our customers gain access to the full service portfolio of Microsoft Business Applications technology and digital transformation services. With our new European strength, we will be able to serve both customers and employees who want to reach outside the Swedish market”.
Ville Hemmilä, CEO of eCraft: “We are very excited to form this new partnership as it enables us to become the leading Microsoft business applications partner in Europe. We are able to share our expertise in chosen industries internationally while enabling growth strategies in Finland accordingly. We are now able to offer an even more extensive offering to our customers and new career opportunities for our employees”.
The transaction is subject to approval from the competition authorities.