Atea

Atea's Company Overview

Atea is the preeminent supplier of IT infrastructure in the Nordic and Baltic regions, boasting a presence in 88 cities across seven countries, including Norway, Sweden, Denmark, Finland, Lithuania, Latvia, and Estonia. With a workforce exceeding 8,000 employees, Atea generated a revenue of approximately NOK 35 billion (EUR 3.1 billion) in 2023. The company is publicly traded on the Oslo Stock Exchange and offers a full spectrum of IT hardware, software, and services, helping organizations manage their IT operations across the entire lifecycle—from analysis and procurement to implementation and sustainable operations.

Atea's Sustainability Initiatives

Atea has been recognized for its outstanding sustainability efforts, earning the title of the most sustainable company globally within the IT Services Industry for three consecutive years by Corporate Knights. The company has also achieved the highest rating (platinum) in environmental and social performance by EcoVadis for four years running. Atea's sustainability initiatives include the Atea Sustainability Focus program, which leverages its extensive customer base to improve standards within the IT supply chain. Additionally, Atea operates one of the largest electronic reuse and recycling operations in the Nordic and Baltic regions, with programs such as Goitloop ensuring secure data erasure and preparation for reuse or recycling of IT equipment.

Atea's Financial Health

Atea maintains robust financial health, supported by a public credit rating of BBB+/Stable from Nordic Credit Rating. The company has substantial liquidity with a revolving credit facility of NOK 1,100 million, secured through a securitization program. Additionally, Atea has a trade finance facility with Deutsche Bank amounting to up to USD 110 million. The company also employs a securitization contract to sell specified accounts receivable at an implicit discount rate. These financial strategies enable Atea to sustain its operations and invest in future growth and innovation.

Atea's Strategic Partnerships

Atea collaborates with some of the world's leading IT infrastructure vendors, fostering strategic partnerships with nine global manufacturers and numerous gold partners. These alliances enable Atea to offer cutting-edge solutions and services to its clients, ensuring they stay ahead in the fast-evolving technology landscape. By partnering with top-tier technology providers, Atea can deliver comprehensive IT solutions that cater to various organizational needs, from digital transformation to sustainable IT operations.

Atea's Vision 2030

Atea's Vision 2030 outlines its commitment to driving positive change in the IT industry. The company's ambitious climate goals include reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 80% and Scope 3 GHG emissions by 50% by 2030, based on a 2019 baseline. Atea's Vision 2030 also emphasizes the importance of sustainable IT practices, aiming to be a step ahead in fostering environmental responsibility within the industry. Through initiatives like the 100% Club and strategic participation in the Responsible Business Alliance, Atea is dedicated to promoting a more sustainable future for IT.