Advania is the result of numerous mergers and acquisitions of mainly Icelandic companies, but also of some European companies. Its roots go as far back as 1939, when EJS was founded and 1952, when Skýrr was founded.
The three companies merged into Skýrr hf. Landsteinar Strengur had come to be when two companies, Landsteinar and Strengur respectively, merged. The three companies had been subsidiaries of Teymi.
EJS had sold 58% of its shares to Skýrr. It merged into Skýrr hf on 19 November 2010. EJS had 190 employees and Skýrr hf 470 at the time of the merger.
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