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[Bertrange (LU) / Stockholm (SE), July 1st, 2025]
SOA People Group, a leading European SAP partner, is pleased to announce its entry into the Swedish market through the acquisition of a majority stake in Condivo, a recognised player in the SAP ecosystem with strong functional and technical expertise in Asset Management.
A strategic expansion across the Nordics
The acquisition is executed via 2BM, SOA People Group’s Nordic subsidiary, and represents a key milestone in the Group’s expansion in Northern Europe.
With this strategic move, SOA People strengthens its ability to support customers in Sweden by combining local presence with global SAP expertise.
Shared values and a growth-focused vision
Welcoming Condivo means integrating a team driven by curiosity, courage, and commitment — the exact traits that fuel innovation and build long-lasting relationships with customers, partners, and society.
Condivo’s solid reputation in Asset Management aligns seamlessly with SOA People’s portfolio of software and services. With access to the Group’s innovation-driven offerings, Condivo is poised to accelerate its growth in the Swedish market.
A message from the leadership
🎙️ Anders Frost, CEO of Condivo:
“Joining SOA People Group in the Nordics is a strategic next step in Condivo’s growth journey.
We are excited to contribute to the Group’s ambition. Our historical goal remains unchanged: helping our customers perform better by combining SAP excellence with the power of SOA People’s innovative solutions.
We are confident that more Swedish companies will recognise the value we can now offer together.”
🎙️ Lars Bork Dylander, CEO of 2BM, SOA People Nordic subsidiary:
“We are extremely proud to welcome the talented Condivo team to the SOA People Nordic family.
This is more than a partnership – it’s a strategic leap forward based on shared values and a common vision.
Condivo’s strong market reputation and culture of excellence make them a natural fit. Together, we’re expanding our footprint in both Sweden and Denmark, and strengthening our ability to support SAP customers across the Nordics.
For Swedish customers, this means a stronger local partner. For our broader network, this means deeper SAP expertise on your side. It’s a true win-win – and we’re just getting started!”
🎙️ Khalil Hodaibi, CEO and Chairman of SOA People Group:
“Three years after our successful entry into Denmark, expanding into Sweden is a natural next step in our Nordic strategy.
We’re thrilled to welcome the Condivo team — their strong presence and SAP expertise are a solid foundation for long-term growth.
Sweden is a mature, innovation-driven SAP market. Together, we’re ready to support customers with challenges like S/4HANA migration, cloud adoption, and asset optimisation.
This move strengthens our ambition to become Europe’s leading SAP partner and achieve our €500 million revenue target by 2030.”
About SOA People
For over 18 years, SOA People has been a trusted leader in business strategy execution powered by SAP.
Our mission: help customers achieve exceptional efficiency and high performance.
With a track record of delivering innovative projects across industries and company sizes, SOA People is a pan-European leader with global reach.
Our team of over 1,200 SAP specialists supports the full SAP stack and empowers businesses to innovate boldly and grow faster.
About Condivo
Founded by three SAP industry veterans, Condivo was built on the values of simplicity, humility, trust, and tolerance.
The company combines deep SAP expertise with the belief that close relationships and long-term collaboration are key to success.
Its vision is clear: to be the leading consulting company, delivering top-tier quality and creating real value for both clients and employees.