Conscia enters Irish market with PlanNet21 acquisition
Cyber security and networking solutions provider Conscia has acquired PlanNet21 Group, parent company to PlanNet21 Communications, Agile Networks, and eCom Solutions. Financial details of the deal were not revealed, which is yet to be passed by regulators.
The purchase marks Conscia’s entry into the Irish market and is its 20th across eight European geographical markets including Denmark, Germany, Norway, Slovenia, Sweden, the Netherlands, and the UK. It is owned by sector-specialised private equity investor Nordic Capital.
The combined current business is expected to generate revenue in excess of €700 million in 2022/23.
Headquartered in Dublin, PlanNet21 has regional offices in Cork, Galway, Belfast and Edinburgh. It has approximately 300 customers in the public sector and enterprises, primarily within the technology, media, telecom and government sectors.
“I am very pleased to welcome customers and the highly competent people from PlanNet21 Group to Conscia and we look forward to working together in Ireland and on all our combined markets. There is a commercial and cultural fit that will create a very compelling customer proposition,” said Conscia group CEO Erik Bertman.
“With Conscia we can accelerate our development through enhanced customer offerings and a pan-European presence. They bring financial strength and scale in networking competencies, and their edge as a cybersecurity leader with award-winning services and solutions coupled with data insights through their platforms for Managed Detection and Response and Security Information and Event Management makes them an attractive owner for us,” said CEO Peter Carroll, PlanNet21 Group.
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