Defence
Exclusive financial adviser to the shareholders of roda Computer GmbH, Germany on its sale to MilDef Group AB, Sweden
Background
roda Computer GmbH (“roda”) is a long-established provider of military IT solutions headquartered in Lichtenau, Germany. Founded in 1987, the company specialises in mobile and rugged computers and has a strong market presence across Western and Central Europe, particularly in the DACH region. roda serves national defence authorities, procurement agencies, and defence industry companies. The business employs approximately 115 people, operates two production facilities in Germany, and maintains additional locations in France and the United Kingdom.
MilDef Group AB (“MilDef”), headquartered in Helsingborg, Sweden and listed on the Stockholm Stock Exchange, is a system integrator and full-service provider of rugged IT solutions for military, government, and critical infrastructure customers
About the transaction
Steen Associates acted as exclusive financial adviser to the shareholders of roda Computer GmbH on its sale to MilDef Group AB.
The acquisition significantly strengthens MilDef’s footprint in the Western and Central European defence technology markets. It provides MilDef with enhanced cross-selling opportunities through roda’s established market channels and unlocks access to major framework agreements in countries increasing their defence budgets. With this transaction, MilDef advances its position as one of Europe’s leading providers of tactical and rugged IT solutions for the defence sector.
About the client
roda’s management prioritised finding a strategic acquirer committed to preserving and accelerating the company’s growth trajectory. MilDef was identified as the ideal partner due to its complementary capabilities, strong presence in the defence technology sector, and aligned long-term objectives. Both companies now join forces to deliver a strengthened and highly competitive offering to defence customers across Europe.
Date:
November 2024
Service:
Sell side
Size:
$100m
Deal locations:
