Livingstone has acted as an advisor on the merger of ADDQ and QESTIT

Livingstone has advised the founders and owners of ADDQ Consulting AB (ADDQ), a leading quality assurance (QA) consultancy, on its merger with the larger QA group QESTIT. ADDQ will now be able to enhance its core services of improving and securing the user experience, functionality and security of IT systems and digital applications, and expand its services to additional six countries.

ADDQ was founded in 2006 with the vision to offer a combination of systems, concepts, experts, and competence development strategies. The company has established a strong position in the Nordics with a turnover of approximately SEK 165 million and 120 employees, with offices in Stockholm, Gothenburg, Malmö, and Sundsvall.

“The Nordic market is of great strategic importance for us. We are very pleased to have reached an important market position through the merger and we’re looking forward to working together with the ADDQ team”, says Reto Züst, CEO at QESTIT.

QESTIT is the result of a merger between the two QA specialists Acial (France) and QCENTRIS (Switzerland), backed by financial investors BPI France and Alliance Entreprendre. QESTIT has become one of Europe’s leading QA specialists, with 25 years of combined experience in software testing and quality assurance. The company employs roughly 600 people throughout 19 offices across seven countries and delivers services within QA, test automation, load and performance testing, mobile app testing and software training. The company’s turnover before the merger with ADDQ was approximately EUR 60 million.

“We are excited about the merge with QESTIT and the opportunities it will bring our employees and clients in Sweden as well as internationally”, says Fredrik Abrahamsson, CEO of ADDQ.

QESTIT acquires all outstanding shares in ADDQ, while management and other employees reinvest and become minority owners of the combined entity. In total, the new group will have approximately 720 employees and a turnover of approximately EUR 75 million.

With this transaction, Livingstone completes another deal in the Media & Technology sector, following the sale of PrimeQ to VIEW Ledger, the sale of Swedwise to Storskogen, the sale of Adtoox to Peach and the sale of PDSVISION to CapMan.

Delphi acted as legal advisor to ADDQ during the sales process.