Ementor acquires Informatikk

(2007.04.25)  Press Release 

(Norway) Ementor Norge AS acquires Informatikk Holding ASA for MNOK 92 (enterprise value). Informatikk is a Nordic infrastructure company with 122 employees located in Oslo, Stavanger, Bergen, Aalesund, Trondheim, Goteborg, Stockholm, Malmo, Helsinki and Copenhagen.

”Informatikk has had a profitable growth through the last years and we expect this to continued also in 2007. Ementor estimates revenue of MNOK 400 and net income of MNOK 15, including six months of synergy effects” says Steinar Sønsteby, Managing Director of Ementor Norge AS.
 
Informatikk is considered to be the best Nordic supplier of iSeries solutions (AS400) from IBM. Through this transaction Ementor and Informatikk together create an interesting and competent environment offering a variety of server and solution platforms. The employees will become a part of an expanding and ambitious Nordic IT company that will contribute to a further development of the solutions offered within the iSeries.
 
”We are extremely happy to be able to include the employees of Informatikk on our team. Through this acquisition we will become an even more attractive partner for our customers. We see a great synergy potential in addition to the results Informatikk already has presented. We will also become the largest IT supplier in the Aalesund region,” says Sønsteby.
 
Informatikk will be integrated with the Ementor organisation at the latest within the 3rd quarter by letting the employees from Informatikk access the respective Ementor offices in the Nordic countries. Aalesund will be established as an independent region equal to Ementor’s existing regions.
 
”We are very satisfied to be a part of Ementor and look forward to developing the company’s business together with Ementor. We believe that everyone involved will be pleased to receive this message,” says Tor Arnstorp, managing director of Informatikk.
 
The transaction is subject to approval from the Norwegian Competition Authorities.
 
For more information, please contact:
Steinar Sønsteby, Managing Director, mobil +47 930 55655