Impact sells Swedish and Norwegian subsidiaries to ATEA for US6.9m
Paul Milligan, April 27, 2010
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AV integrator Impact Europe has sold its two Scandinavian businesses to IT systems integrator Atea for SEK 49.8 million ($6.9m, 4.48m). The deal does not include Impact Europe Group’s activities in the UK.
Fredd Causevic, group president & CEO of Impact Europe Group said: ‘This transaction enables us to further strengthen our investment in our managed services business in the UK whilst enabling our subsidiaries in Sweden and Norway to benefit from the scale and reach which Atea offers them in the Nordic region…this is a good deal for our customers, employees and shareholders.’
Atea is a Nordic and Baltic supplier of IT infrastructure with approximately 4400 employees. Atea is present in 72 cities in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea has annual revenue of approximately NOK 15 billion and is listed on Oslo Stock Exchange.
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