TechPeople A/S, a Danish consultancy specialist within application development, architecture and system designs as well as embedded solutions and IoT, is expected to become a fully owned subsidiary of Data Respons within 2 weeks.
“Data Respons is continuing its growth through M&A by acquiring TechPeople A/S, a Danish company we have followed closely through 50% ownership over the last 5 years. Their development and performance were contributing factors to reach full ownership. In addition to financial synergies, joint forces going forward increases our ability to take advantage of the digitalization megatrend”, says Narve Reiten, Deal Partner at Reiten & Co.
Reiten started investing in 1996 with capital from local institutional investors and family offices. Over the years Reiten have managed seven funds, of which currently three are active.