Brief: Techstep Divests Its IT Operations And Support Unit To Crayon

Techstep ASA

03/04/2020 09:15

April 3 (Reuters) - Techstep ASA  TECHS.OL :
    * TECHSTEP DIVESTS ITS IT OPERATIONS AND SUPPORT UNIT TO
CRAYON
    * HAS ENTERED INTO AN AGREEMENT TO TRANSFER ITS IT
OPERATIONS AND
SUPPORT BUSINESS UNIT TO CRAYON AS FOR A TOTAL CONSIDERATION OF
NOK 8 MILLION
    * TECHSTEP NORWAY AS (A FULLY OWNED SUBSIDIARY OF TECHSTEP
ASA)
HAS ENTERED INTO AN AGREEMENT TO TRANSFER ITS IT OPERATIONS AND
SUPPORT BUSINESS UNIT TO CRAYON AS FOR A TOTAL CONSIDERATION OF
NOK 8 MILLION
    * AT SAME TIME, TECHSTEP HAS SIGNED A 3-YEAR AGREEMENT WITH
CRAYON
FOR IT OPERATIONS AND SUPPORT.
    * TRANSACTION IS STRUCTURED AS AN ASSET PURCHASE, EFFECTIVE
FROM 1
APRIL 2020

Source text for Eikon:  ID:nWkr1P2sJb 
Further company coverage:  TECHS.OL 

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