Carlsquare advised Codemill, a leading Swedish provider of technology solutions for the media and entertainment industry, on its sale to Ateliere Creative Technologies through a public cash offer. The transaction marks the next step in Ateliere’s vision to create an end-to-end technology platform and drive market consolidation.
Founded in 2008 in Umeå, Sweden, Codemill is a technology company that was listed on Nasdaq First North Growth Market, offering custom software development and products for the Media and Entertainment industry. The Company’s products Accurate Player SDK, Accurate.Video and Cantemo enable streamlining of production and distribution of video and film, from editing to archiving. Codemill counts some of the world’s largest studios, broadcasters, VOD/OTT and publishers like Paramount Global, Warner Bros and Amazon Studios as their customers.
Ateliere Creative Technologies is a leading cloud-native media supply chain company based in Los Angeles, USA. The Company has developed a suite of SaaS platform solutions to provide customers with a “studio in the cloud”. The acquisition of Codemill marks the next step in Ateliere’s vision to provide a comprehensive, next generation, end-to-end media technology platform and drive the ongoing consolidation in the Media and Entertainment industry.
The public cash offer was announced by Ateliere Creative Technologies on 3 March 2025 to the shareholders of Codemill at a price of SEK 23.00 in cash per share. The offer was unanimously recommended by the Company’s independent bid committee, and the three largest shareholders have irrevocably undertaken to accept the offer. The offer represented a premium of c. 53% compared to the last closing price of SEK 15.00, a c. 59% premium compared to the volume-weighted average share price of SEK 14.48 during the last 30 days, and a c. 61% premium compared to the volume-weighted average share price of SEK 14.27 during the last 60 days. On 2 April 2025, Ateliere Creative Technologies announced that they completed the public cash offer after an acceptance level 97.4% by Codemill’s shareholders.
“We are delighted to have completed this transaction with Ateliere, which we see as a great way forward for Codemill and its shareholders. Many thanks to our advisers, Carlsquare and Delphi, who guided us through the deal in a very professional manner.” – Rickard Lönneborg, Co-Founder and Board member, Codemill
“[…] The Ateliere-CodeMill combination brings us closer to realizing our vision of powering the entire content workflow, from concept to consumer. […] This integration delivers exactly what the market demands: accelerated time-to-market, reduced operational costs, and a truly unified media supply chain. […]” – Dan Goman, CEO, Ateliere Creative Technologies
Carlsquare acted as the exclusive financial advisor to Codemill.
Codemill
Ateliere Creative Technologies
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