Nordic IT operations services provider created through a proprietary three-way merger in mid 2018

The group provides managed IT outsourcing, cloud services and process digitalization with a strong focus on customer satisfaction and business improvements to customers from a variety of industries as well as the public sector.

Nordlo was created by combining three platforms – Office IT Partners, Dicom, and Zetup – into one nation-wide provider of IT services. Nordlo currently has 30+ offices in Sweden and Norway and plans to continue growing through M&A and organically.


Investment Thesis

  • Attractive market fundamentals in the Nordic IT services market with disruptive trends such as increasing digitalization of core business processes, emergence of cloud services as well as increasing security requirements
  • Further potential to consolidate a very fragmented and local IT services market
  • Gap in the Nordic IT services market for a SME and smaller enterprise focused player

Main Transformation Initiatives

  • Further develop the organization for international growth and increase share of recurring revenue
  • Develop new revenue opportunities by further developing the service offering and becoming a trusted partner for a customer’s digitalization journey
  • Pursue complimentary acquisitions in the Nordics

Key Facts

Country Sweden

Headquarter Stockholm

Acquired 2018-06

FSN Ownership 55%

Sales 2022 EUR 171m

CEO Fredrik Almén

Chairperson Björn Ivroth

Pointperson Patrice Jabet


Norway (Visiting address)
Via Vika / Ruseløkkveien 30
0251 Oslo
+47 24 14 73 00


FSN Capital Partners AB
Birger Jarlsgatan 15
111 45 Stockholm
+46 85 450 39 30

Norway (Post address)
FSN Capital Partners AS
PO. Box 1597
0118 Oslo


FSN Capital Partners GmbH
Maximiliansplatz 5
80333 Munich
+49 160 3666 627

FSN Capital Partners Aps
Kongens Nytorv 26, 2. Sal
1050 Copenhagen
+45 33 13 48 00