TimeComputer Joins Forces with CCIT in Strategic Acquisition

Deal News | Mar 05, 2025 | Pride Capital Partners BV

TimeComputer Joins Forces with CCIT in Strategic Acquisition

CCIT, a Danish IT company, has successfully acquired TimeComputer, marking its first acquisition since partnering with Pride Capital Partners and its third since the company's inception. TimeComputer, based in Brøndby, Denmark, brings over four decades of experience in IT, offering services such as managed services, hosting, cloud solutions, and more. This strategic acquisition allows both companies to improve the quality and breadth of services offered to clients. Hans Drke Bloch, CEO of CCIT, expressed pride in the acquisition, which promises enhanced service capabilities for TimeComputer's existing customers. Meanwhile, Jan Spure, Managing Director of TimeComputer, praised the merger for offering increased support and opportunities while maintaining the company's core values. As CCIT expands its offerings to include a comprehensive suite of IT infrastructure and consulting services, the acquisition represents a significant step forward in its growth strategy.

Sectors

  • Information Technology
  • Private Equity

Geography

  • Denmark – Both companies, CCIT and TimeComputer, are based in Denmark, highlighting the geographical focus of the acquisition and their target market.

Industry

  • Information Technology – The article discusses the acquisition of TimeComputer by CCIT, both operating in the IT sector, providing various IT solutions such as managed services, hosting, and cloud services.
  • Private Equity – Pride Capital Partners, a private equity firm, is mentioned as a financial partner in CCIT, supporting this acquisition.

Financials

    Participants

    NameRoleTypeDescription
    CCITAcquirerCompanyA Danish IT company founded in 2020, offering a wide range of IT services to Danish companies.
    TimeComputerTarget CompanyCompanyA Danish IT company with over 40 years of experience, providing managed services, cloud solutions, and more.
    Pride Capital PartnersFinancial PartnerCompanyA private equity firm supporting CCIT in its acquisition of TimeComputer.
    Hans Drke BlochCEOPersonCEO of CCIT, involved in the management and strategic direction of the company.
    Jan SpureManaging Director and ShareholderPersonManaging Director and shareholder in TimeComputer, commenting on the benefits of the acquisition.