Carlsquare, a leading financial advisor, recently guided Codemill, a prominent Swedish provider of technology solutions for the media and entertainment industry, in its sale to Ateliere Creative Technologies through a public cash offer. This acquisition is part of Ateliere’s strategy to create an end-to-end technology platform and drive market consolidation in the media and entertainment sector. Codemill, founded in 2008, offers custom software development and products like Accurate Player SDK and Accurate.Video to streamline video and film production for major studios and broadcasters.
Ateliere Creative Technologies, based in Los Angeles, is a cloud-native media supply chain company that provides customers with a “studio in the cloud” through their suite of SaaS platform solutions. The acquisition of Codemill will further enhance Ateliere’s goal of offering a comprehensive, next-generation media technology platform. The public cash offer, announced on 3 March 2025, was valued at SEK 23.00 per share and was accepted by 97.4% of Codemill’s shareholders. The offer represented a significant premium compared to the Company’s recent share prices.
Rickard Lönneborg, Co-Founder and Board member of Codemill, expressed his satisfaction with the transaction and thanked their advisors for their professional guidance. Dan Goman, CEO of Ateliere Creative Technologies, emphasized the benefits of the Ateliere-CodeMill combination in accelerating time-to-market, reducing costs, and streamlining the media supply chain. Carlsquare played a crucial role as the exclusive financial advisor to Codemill throughout the acquisition process. The completion of this deal signifies a positive step forward for both Codemill and Ateliere Creative Technologies in the competitive media and entertainment industry.
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