EQT to sell insurance software company Tia Technology to Sapiens

Sapiens International NV

09/11/2020 16:41

Stockholm, Nov 9 (Reuters) - Swedish private equity group
EQT  EQTAB.ST  said on Monday it had agreed to sell insurance
software provider Tia Technology to Sapiens International
Corporation  SPNS.O .
    Danish Tia Technology had revenues of 194 million Danish
crowns ($30.78 million)in 2019, and has increased its market
share in Europe and South Africa in recent years, EQT said in a
statement.
    The sale to Sapiens, itself a provider of insurance
technology, is expected to conclude at the end of November, EQT
said. 

($1 = 6.3020 Danish crowns)

 (Reporting by Colm Fulton; editing by Niklas Pollard)
 ((Colm.Fulton@thomsonreuters.com;))