Nordic private equity firm CapMan has sold its minority stake in consultancy firm Fluido to Infosys, a technology company.
Fluido provides consulting, development and integration services to clients using Salesforce technology, helping them to digitalise their business and use cloud services. Its customers include large globally operating enterprises as well as growth companies in all Nordic countries.
The business is headquartered in Espoo in Finland and has offices in Sweden, Norway, Denmark and Slovakia. It employs almost 250 professionals.
CapMan said that its investment in Fluido had delivered significant returns.
Juha Mikkola, Managing Partner of CapMan Growth, said: "We are very pleased with our investment in Fluido. The company is a true Finnish success story. Together with the founders, management and personnel, we have succeeded in growing its revenue nearly fivefold during our ownership due to domestic growth and fast internationalisation.”
Kai Mäkelä, Founder and CEO of Fluido, added: "Cooperation with the CapMan Growth team has been truly enjoyable for us. With the help of their persevering support, we have been able to grow fast and profitably and expand our operations into international markets. The current acquisition will provide us with a unique opportunity to serve our global clients even better. We also value the fact that we will continue as our own business under the Fluido brand after the transaction, treasuring our unique culture this way.”