Two procurement leaders combine forces – Cloudia becomes a subsidiary of Mercell
The Norwegian listed company Mercell Holding ASA has acquired 100% of the shares in Cloudia Oy through its subsidiary Mercell Midco AS. This means that Cloudia becomes part of the Mercell group. With the acquisition Mercell strengthens its solution within Source-to-Pay.
– The acquisition of Cloudia represents another milestone in our consolidation of the Nordic market. Cloudia’s strong position with public buyers in Finland offers an ideal fundament to expand the supplier side of the market and cross-sell our post-award solutions. Further, the company has an experienced and strong management team and highly skilled employees, underpinning the impressive performance and results Cloudia has achieved. We look forward to including them in the Mercell family, says CEO Terje Wibe in Mercell.
– Joining forces with Mercell gives Cloudia the opportunity to become part of a pan-Nordic constellation, broadening our products and service offerings. This will not only cement our foothold in the Finnish market, but also provide significant opportunities in the Nordic and European markets. Our combined position will prove to be highly beneficial for the company, our employees, and our large and growing customer base, says CEO Are Saarinen in Cloudia.
The ownership arrangements made do not affect existing customers or partnerships. All employees continue in the company, and your support and sales contacts will remain the same. Our customers can expect the same high-quality service as before.