Brief: Proact Acquires Conoa And Strengthens Its Offering For Next-Generation Infrastructure Solutions
12/04/2021 07:32
April 12 (Reuters) - Proact IT Group AB PACT.ST :
* PROACT ACQUIRES CONOA AND STRENGTHENS ITS OFFERING FOR
NEXT-GENERATION INFRASTRUCTURE SOLUTIONS
* ACQUIRES SWEDISH IT COMPANY CONOA AB, A SPECIALIST IN
NEXT-GENERATION IT INFRASTRUCTURE THAT ENABLES MODERN
APPLICATION DEVELOPMENT FOR ITS CUSTOMERS
* ACQUISITION STRENGTHENS PROACT'S PORTFOLIO, EXPERTISE AND
SERVICES IN HYBRID CLOUD AND DATA CENTER SOLUTIONS IN SWEDISH
AND EUROPEAN MARKETS.
* PURCHASE PRICE AMOUNTS TO SEK 105 MILLION ON A CASH-FREE
AND
DEBT-FREE BASIS, WHICH CORRESPONDS TO 10.5 TIMES EBITA
* TRANSACTION IS EXPECTED TO CONTRIBUTE APPROXIMATELY SEK 80
MILLION IN INCREASED ANNUAL SALES FOR PROACT. CONOA AND ITS
EMPLOYEES WILL BE AN IMPORTANT PART OF PROACT'S SWEDISH
OPERATIONS.
Source text for Eikon: ID:nWkrcgGytT
Further company coverage: PACT.ST
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