Nova Consulting Group AS
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Nova Consulting Group AS - overview
Established
2007
Location
Oslo, -, Norway
Primary Industry
Outsourcing
About
Nova Consulting Group AS is a digital transformation firm specializing in enhancing business growth and operational efficiency through innovative digital solutions and strategic consulting services. Founded in 2007 and headquartered in Oslo, Norway, Nova Consulting Group AS focuses on providing digital transformation services. The company, led by Geir Hove and Michael Jäderlind, aims to assist businesses in navigating the digital landscape. In June 2020, Explore Equity Partners acquired a minority stake in the firm, with financial terms undisclosed.
Nova Consulting Group offers a comprehensive suite of digital transformation services designed to enhance business growth and operational efficiency. Their core offerings include digital strategy development, brand strategy formulation, design and user experience innovation, and the creation of digital products and services. The firm's expertise in data analytics and business insights enables them to assist clients in optimizing their visibility through effective digital marketing strategies that focus on increasing traffic and converting visitors into loyal customers. With a diverse client base that spans various industries, the company serves customers in geographical markets including Norway, Sweden, and Poland, providing tailored solutions to meet specific business needs.
In 2023, Nova Consulting Group reported a revenue of USD 10. 67 mn and an EBITDA of USD 2. 91 mn. The company generates revenue through a combination of service contracts and strategic partnerships with clients, typically engaging in specific digital services such as web development and strategic consulting.
Nova Consulting Group plans to enhance its offerings by developing new digital products aimed at improving client user experiences, with specific release dates forthcoming. The company is also targeting expansions into new geographical regions, including further reaches within Sweden and Poland, by the end of 2024. The funding acquired from the minority stake sold to Explore Equity Partners in June 2020 will support these growth initiatives.
Current Investors
Explore Equity Partners
Primary Industry
Outsourcing
Sub Industries
Consulting Services, Offshore IT Services/IT Outsourcing
Website
www.novaconsultinggroup.no
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Nova Consulting Group AS - timeline of key events
Nova Consulting Group AS - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | 80,398,000 | 96,897,000 | 125,447,000 | 144,429,000 | 169,091,000 | 218,274,000 | 263,549,000 | 336,382,000 | 368,977,000 | 468,121,000 | 630,930,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | 20.5% | 29.5% | 15.1% | 17.1% | 29.1% | 20.7% | 27.6% | 9.7% | 26.9% | 34.8% | - | - | - |
| EBITDA (USD) | (56,250) | (123,801) | 15,998,000 | 15,278,000 | 16,391,000 | 15,509,000 | 24,302,000 | 34,264,000 | 38,516,000 | 50,986,000 | 54,617,000 | 62,290,000 | 71,908,000 | - | - | - |
| Operating Income (USD) | (56,250) | (123,801) | 15,757,000 | 14,869,000 | 15,883,000 | 14,683,000 | 23,589,000 | 33,688,000 | 38,136,000 | 50,526,000 | 52,440,000 | 54,912,000 | 56,944,000 | - | - | - |
| Operating Margin | - | - | 19.6% | 15.3% | 12.7% | 10.2% | 14.0% | 15.4% | 14.5% | 15.0% | 14.2% | 11.7% | 9.0% | - | - | - |
| % EBITDA Margin | - | - | 19.9% | 15.8% | 13.1% | 10.7% | 14.4% | 15.7% | 14.6% | 15.2% | 14.8% | 13.3% | 11.4% | - | - | - |
| NET Income (USD) | 1,982,823 | 3,728,140 | 11,456,000 | 10,759,000 | 11,790,000 | 10,702,000 | 16,815,000 | 25,745,000 | 29,264,000 | 39,622,000 | 39,786,000 | 40,220,000 | 38,290,000 | - | - | - |
| % Net Margin | - | - | 14.2% | 11.1% | 9.4% | 7.4% | 9.9% | 11.8% | 11.1% | 11.8% | 10.8% | 8.6% | 6.1% | - | - | - |
Nova Consulting Group AS - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Nova Consulting Group AS | - |
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Nova Consulting Group AS - employee data
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