Krogerus advises NeXec on its sale to Witted Megacorp

Krogerus advised ICT and management consulting company NeXec Oy on its sale to software development company Witted Megacorp Oyj through an exchange of shares.

For NeXec's customers, the sale enables the building of an even wider range of software development prowess through Witted. The operating model of NeXec is based on a network of over 900 consultants, creating a better position for Witted to meet market demand by providing clients with a more diverse and wide-ranging ICT expertise. The owners of NeXec will continue as significant minority owners of Witted.

The transaction is expected to be completed during the fourth quarter of 2022.

The Krogerus team was led by Partner Marcus Möller and he was primarily assisted by Senior Associate Jasmin Wardi and Associate Ari Natunen. Partner Samu Lassila led the advice on tax matters and he was primarily assisted by Associate Anna Corrêa de Mora.