Brief: SoftwareOne Successfully Completes Crayon Transaction, Combining Two Companies

SoftwareOne Holding AG

02/07/2025 11:06

July 2 (Reuters) - SOFTWAREONE HOLDING LTD SWON.S:

SOFTWAREONE SUCCESSFULLY COMPLETES CRAYON TRANSACTION, COMBINING TWO LEADING GLOBAL PROVIDERS OF SOFTWARE AND CLOUD SOLUTIONS

COMPLETES ACQUISITION OF CRAYON

RECOMMENDED VOLUNTARY OFFER FOR ALL ISSUED AND OUTSTANDING SHARES IN CRAYON HAS BEEN COMPLETED

SECONDARY LISTING AND TRADING OF SOFTWAREONE SHARES ON EURONEXT OSLO BØRS WILL COMMENCE ON 3 JULY 2025

FIRST DAY OF TRADING ON EURONEXT OSLO BØRS TO COMMENCE ON 3 JULY 2025

SOFTWAREONE INTENDS TO IMPLEMENT A COMPULSORY ACQUISITION OF REMAINING SHARES IN CRAYON

COST SYNERGIES OF CHF 80-100 MILLION ANNUALY WITHIN 18 MONTHS OF COMPLETION

TRANSACTION IS FINANCED BY INVESTMENT GRADE BRIDGE FACILITIES OF CHF 700 MILLION TO FUND TOTAL CASH CONSIDERATION OF CHF 515 MILLION

NET DEBT / ADJUSTED EBITDA IS EXPECTED TO BE BELOW 2.0X AT YEAR-END 2025

SOFTWAREONE INTENDS TO REFINANCE BRIDGE FACILITIES INTO A LONG-TERM FINANCING STRUCTURE AROUND COMPLETION

COMPANY INTENDS TO MAINTAIN ITS DIVIDEND POLICY, WITH A PAY-OUT RATIO OF 30-50% OF ADJUSTED NET PROFIT

INTEGRATION OF TWO COMPANIES OFFICIALLY STARTS TODAY

COMBINED COMPANY WILL RETAIN ITS LEGAL DOMICILE IN STANS, SWITZERLAND

Source text: ID:nEQ2Zx8V4a

Further company coverage: SWON.S

 (Gdansk Newsroom)

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