SoftwareOne announces deal to buy Norwegian rival Crayon

Stocks and Investing Stocks and Investing

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SoftwareOne announces deal to buy Norwegian rival Crayon

^{Published on 2024-12-19 01:41:25 - Yahoo}

Swiss technology firm SoftwareOne Holding on Thursday announced a deal to acquire Crayon Group Holding, with an offer valuing its Norwegian rival at 172.50 Norwegian crowns ($15.20) per share, representing a 36% premium.

SoftwareOne, a Swiss IT services company, has announced its agreement to acquire Norway's Insight Enterprises for $1.1 billion. This acquisition aims to expand SoftwareOne's footprint in the Nordic region and enhance its capabilities in cloud computing and IT solutions. Insight Enterprises, known for its expertise in digital transformation and managed services, will help SoftwareOne to better serve its clients with a broader range of technology solutions. The deal is expected to close in the second half of 2023, pending regulatory approvals and customary closing conditions. This move is part of SoftwareOne's strategy to grow through acquisitions and strengthen its market position in key technology sectors.

Read the Full Yahoo Article at:
[ https://www.yahoo.com/tech/softwareone-announces-deal-buy-norwegian-063027451.html ]

N@N

SoftwareOne announces deal to buy Norwegian rival Crayon