Impact Europe is a leading Tandberg video conferencing reseller and AV solutions provider. Atea acquires the Swedish and Norwegian subsidiaries from Impact Europe Group AB to strengthen the video conferencing and AV solutions business which are future growth areas outlined in Atea's 20:11:1 growth plan.
Impact Europe AB in Sweden has 46 employees, 7 offices around Sweden and generated revenue of MSEK 133.6 (MNOK 109.7) and EBITDA of MSEK 5.9 (MNOK 4.9) in 2009. The acquisition is strengthening the video conferencing business and AV competencies of Atea in Sweden and will be an important platform for future growth within this business area.Impact Europe Norge AS has 13 employees, 2 offices and generated revenue of MSEK 53.0 (MNOK 43.5) and was loss making in 2009. The acquisition of Impact Europe in Norway will strengthen AV solutions and video conferencing business of Atea in Norway.
The acquired business activities are expected to generate revenue of MSEK 192.0 (MNOK 157.7) and EBITDA of MSEK 8.0 (MNOK 6.6) proforma in 2010. The transaction value (enterprise value) is MSEK 49.8 (MNOK 40.9). The price will be paid in cash upon completion of the transaction. Atea acquires 100% of the shares in Impact Europe AB and Impact Europe AS from Impact Europe Group AB. The acquisition of Impact Europe in Sweden will have effect as of today. The acquisition of Impact Europe in Norway is subject to approval from the Norwegian
competition authorities and is expected to have effect within 16 working days.
For further information, please contact:
Steinar Sønsteby, Managing Director, Atea AS, mobile +47 930 55 655
Lars Pettersson, Managing Director, Atea Sverige AB, mobile +46 70 517 28 02
Jesper Mathiasen, Corporate Development Director, Atea ASA, mobile +45 3078 1880
Rune Falstad, CFO Atea ASA, mobile +47 906 14 482