Technology consulting group XPartners continues to grow through the acquisition of Norwegian Negota, experts in legal project consulting. The number of employees thus increases to almost 1000, and the total annual turnover is expected to reach approximately SEK 1,8 billion. Through the acquisition, XPartners enters the Norwegian market and thereby extends its reach to the entire Nordic region.

"We are very happy to announce that XPartners is taking a significant step towards becoming a Nordic group by entering the Norwegian market. Negota is a highly regarded organization that complements our business, strengthens our legal expertise and improves our customer offering with contract advice across the Nordic region," says Sonny Mirborn, CEO at XPartners.

Since spring 2021, XPartners has worked to develop a platform for community development, where different companies and specialists collaborate to create greater synergies in the work towards a more sustainable society. The business model is based on value creation through collaboration and entrepreneurship, where each company continues to operate under its existing brand but benefits from the advantages of being part of a larger group.

“We are very pleased to welcome the entire Negota team to the XPartners family. The acquisition contributes to our work to promote a sustainable society and is fully in line with our long-term strategy to become a leading consulting platform in both the Nordics and Europe. We look forward to the collaboration and achieving new successes together,” says Sonny Mirborn.

Negota was founded in Norway and operates in both Norway and Finland. The company specializes in contract management, business legal services and offers in-house lawyers and contract managers, mainly for larger private companies.

"We are extremely happy to become part of XPartners and look forward to working together towards common goals. We will continue to focus on delivering outstanding results to our customers. I look forward to exploring new opportunities together with our employees and partners and creating an even stronger and more successful organization," says Marie Lislerud Midtfjeld, CEO at Negota.

For more information, please contact:
· Sonny Mirborn, Group CEO XPartners, tel. +46 706395092
· Marie Lislerud Midtfjeld, CEO Negota AS, tel. +47 97066049

About Negota AS

Negota are experts in legal project consultancy and operate in Norway and Finland. The company offers its customers support in contract management and business legal issues during the implementation of the project and works for both clients and suppliers. Negota has offices in Halden, Oslo and Helsinki.

www.negota.no

About XPartners

XPartners was founded in spring 2021 and consists of 24 companies with operations in Sweden, Finland, Denmark and Norway. The group currently generates around SEK 1,8 billion in turnover and has around 1000 employees. In April 2023, the investment fund Axcel became the new majority shareholder in XPartners to support the group's growth journey, including adding additional technology consulting companies to XPartners. Apart from Axcel, XPartners is mainly owned by the former shareholders of the respective companies that make up XPartners.
www.xpartners.se

About Axcel

Axcel was founded in 1994 and is a Nordic private equity company that focuses on medium-sized companies within
four sectors: technology, industrial and services, healthcare and consumer. Axcel has a broad base of both
Nordic and international investors and has raised six funds with total capital commitments of 4
billion euros. These funds have made 73 platform investments, more than 300 add-on acquisitions and 53
divestments. Axcel currently owns 19 companies.
For more information, visit www.axcel.dk