Advisense Expands Nordic Presence with Strategic Acquisition of CR Consulting
Deal News | Jan 09, 2025 | Consultance.eu
Advisense, a consultancy firm headquartered in Sweden, has acquired CR Consulting, a Danish risk management consultancy. Established in 2019 by Mogens Johansen, CR Consulting specializes in credit processes, credit risk modelling, and regulatory matters, serving primarily large and mid-sized Danish banks. This acquisition adds 16 consultants based in Copenhagen and Aarhus to Advisense's workforce. Christine Ehnström, Group CEO at Advisense, stated that the acquisition aligns with their strategy to reinforce their risk management capabilities within Denmark and the broader Nordics. Through this acquisition, Advisense strengthens its aim of becoming a leading governance, risk, and compliance provider across Europe. Founded in 2008, Advisense operates in the Nordics, Baltics, Germany, and Belgium, with over 450 employees, focusing on the financial services sector. CEO Anne-Marie Lise Lyngsgaard of CR Consulting expressed enthusiasm about joining Advisense, emphasizing the potential for growth and enhanced client offerings.
Sectors
- Consulting
- Financial Services
Geography
- Denmark – CR Consulting, the target company being acquired, is based in Denmark, with consultants in Copenhagen and Aarhus.
- Sweden – Advisense, the acquiring company, is headquartered in Sweden, indicating its geographical relevance to the transaction.
- Nordics – The acquisition enhances Advisense's presence in the Nordic region, crucial to its strategic growth plans.
Industry
- Consulting – The article discusses the acquisition of a consulting firm (CR Consulting) by Advisense, emphasizing the consulting services provided in risk management and compliance.
- Financial Services – CR Consulting specializes in risk management and compliance services for financial institutions, mainly banks, while Advisense provides governance, risk, and compliance services to financial services industries.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Advisense | Bidding Company | Company | A Sweden-headquartered consulting firm, specializing in governance, risk, and compliance, acquiring CR Consulting. |
| CR Consulting | Target Company | Company | A Danish consultancy firm focused on risk management, credit risk, and regulatory matters, established by Mogens Johansen. |
| Christine Ehnström | Group CEO at Advisense | Person | Group CEO of Advisense commenting on the strategic fit of the acquisition. |
| Anne-Marie Lise Lyngsgaard | CEO at CR Consulting | Person | CEO of CR Consulting expressing enthusiasm about the acquisition by Advisense. |