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Atea Denmark’s acquisition of KMD’s hardware- and software business is now approved

Press release 2022-11-30

Reference is made to Atea ASA’s stock exchange notice on March 15, 2022 regarding an agreement for Atea Denmark to acquire KMDs hardware and infrastructure software business. On November 30, the Danish Competition and Consumer Authority approved Atea Denmark’s acquisition of the business.

With the authority’s approval of the acquisition, the process of closing the agreement can now commence. “It is great news that the Danish Competition and Consumer Authority has approved our agreement to acquire KMD’s hardware- and software business. We have been anticipating the approval for some time, and we are more than ready to take the final steps towards closing,” says Atea CEO Steinar Sønsteby.

The acquisition is expected to close in December 2022.

For additional information, please contact:
Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655
Kathrine Forsberg, Managing Director, Atea Denmark, mobile (+45) 3078 0509

About Atea
Atea is the leading supplier of IT infrastructure in the Nordic and Baltic regions. Atea is present in 85 cities with nearly 8,000 employees in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers hardware and software from leading global vendors, and provides consulting and technical services to support its customers with the design, implementation and operation of their IT environments. Atea had gross sales of approximately NOK 41 billion (EUR 4.1 billion) in 2021 and is listed on Oslo Stock Exchange.