Conscia appoints Morten Hübbe as new Chairman to accelerate growth
November 30 2020
“Nordic Capital is excited to be part of Conscia’s growth journey, supporting the business through its continued international expansion strategy whilst also strengthening its offering within cybersecurity, multi-cloud and managed services. Morten is a very experienced leader and brings a unique set of skills and experience when it comes to digitalisation and security. We are confident that he will bring very valuable expertise to further support Conscia on its growth journey,” said Fredrik Näslund, Partner, Nordic Capital Advisors.
Morten Hübbe is Group CEO of Tryg, one of the largest non-life insurance companies in the Nordic region and Deputy Chairman of SimCorp, one of the world’s leading providers of integrated investment management solutions. He has a proven track record in building strong fintech businesses. Morten holds 25+ years of insurance experience, of which nearly 20 years have been at the top executive level. In addition, he has Supervisory Board experience from Banking, Software and IT development, for example in KBC, KMD and Zürich Financial Services. He has also been recently appointed new Chairman of Siteimprove, another Nordic Capital portfolio company.
“Conscia is on a very strong growth trajectory, and I’m looking forward to supporting the Company with my experience in software, technology and entering new markets. I am delighted to be appointed Chairman of Conscia and looking forward to working with CEO Claus Thorsgaard and his management team and Nordic Capital,” says Morten Hübbe.
Morten will succeed Torben Munch as Chairman. Torben has chosen to step down to increase his focus on his operational role as CEO of MFEX and Chairman of Vizrt, both Nordic Capital portfolio companies.
“Nordic Capital like to take this opportunity to thank Torben Munch for his great contributions as Chairman of Conscia,” Fredrik Näslund adds.
Conscia is a leading European provider of security and IT Infrastructure Solutions based on technology from Cisco, complemented with other leading technology partners. Conscia was founded in 2003 in Denmark. Today, Conscia has approximately 750 employees in six countries (Denmark, Sweden, Norway, the Netherlands, Germany and Slovenia) with a total turnover of approx. DKK 2.5 billion (c. EUR 335 mn). In 2019, Nordic Capital acquired Conscia and has, in close partnership with the management team, supported its continued expansion and invested to further strengthen its market leading position and service offering.
Technology & Payments is one of Nordic Capital’s focus sectors where it has extensive experience, a strong and active sector network, and a dedicated team with local presence across Northern Europe. Since 2018, Nordic Capital has made 18 platform investments in this sector including former and current investments such as Bambora, Trustly, Conscia, BOARD International and Signicat.
Footnote: “Nordic Capital” refers to any, or all, Nordic Capital branded or associated investment vehicles and their associated management entities. Nordic Capital is advised by several non-discretionary sub-advisory entities, any or all of which is referred to as “Nordic Capital Advisors”.
Katarina Janerud, Communications Manager
Nordic Capital Advisors
Tel: +46 8 440 50 50
Janni Bilenberg, CMO
Tel: +45 3119 2845
Conscia is a Network of Knowledge and an ICT service provider that specialises in cyber security, IT infrastructure solutions, and managed services. As a trusted advisor Conscia strives to support the customers ‘business-critical IT infrastructure’ across the entire value chain from design, implementation, operation and optimization. The ambition is supported by profound technical competencies and insight, which is displayed through the unique customer portal, this also forms the basis for the best customer experiences and the highest customer satisfaction in the industry. Another strategic goal for Conscia is to be the most attractive workplace for talented IT infrastructure specialists in Europe. Currently Conscia Group has more than 750 employees across six countries (Denmark, Sweden, Norway, Germany, Netherlands, and Slovenia), with an annual turnover of approximately DKK 2,5bn DKK (€335mm). For more information, please visit Conscia.com
About Nordic Capital
Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested more than EUR 15.5 billion in over 110 investments. The most recent fund is Nordic Capital Fund X with EUR 6.1 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, Denmark, Finland, Norway, Germany, the UK and the US. For further information about Nordic Capital, please visit www.nordiccapital.com