---
title: SOA People Group enters the Swedish market with the acquisition of Condivo
description: SOA People Group enters the Swedish market with the acquisition of Condivo
---

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# [SOA People Group enters the Swedish market with the acquisition of Condivo](https://www.soapeople.com/blog/soa-people-group-enters-the-swedish-market-with-the-acquisition-of-condivo)

 Written by [SOA People](https://www.soapeople.com/blog/author/soa-people) | July 1, 2025

**[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.

🔗 [www.soapeople.com](https://www.soapeople.com/)

🔗 [https://2bm.com](https://2bm.com)

 

## 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.

🔗 [www.condivo.se](https://www.condivo.se)

[View full post](https://www.soapeople.com/blog/soa-people-group-enters-the-swedish-market-with-the-acquisition-of-condivo)

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