SOLTEQ PLC: COMPLETION OF THE PURCHASE OF DESCOM GROUP OY'S STOCK CAPITAL AND CAPITAL LOANS, DIRECTED SHARE ISSUE
Summary
Solteq completed its acquisition of Descom Group and financed the deal with cash, a bond, and a directed share issue. The combined company will start integration immediately and aims to finish the process during 2015. Solteq says the transaction expands its digital commerce services footprint across Finland and the Nordic region. The new entity will operate with about 550 experts and roughly EUR 68 million in annual revenue based on provisional pro forma figures. The deal creates a larger vendor with a broader service portfolio and no major overlap in offerings.
Classifications
industries
Retail
applications
Data Management
AskAI Classifications
Labels
SaaS
Enterprise Software
Retail Technology
Linked Companies
Solteq
$50M to $100M