Deal Snapshot
DANISH IT FIRM NNIT ACQUIRES SCALES GROUP CONSULTANCY
Friday 19 May 2017

Danish IT services provider and consultancy NNIT A/S a provider of IT services and consultancy announces that it has signed an agreement to acquire Danish consultancy Scales Group Holding ApS and its majority owned affiliates, the company said.
Scales Group is a Danish-based consultancy with a focus on delivering implementations of Microsoft Dynamics 365 ERP and CRM solutions. In 2016, Scales Group generated revenue of DKK 116m and currently has 113 employees in Denmark and Norway. Under the deal, NNIT entered into an agreement with the shareholders of Scales Group to acquire 100% of the shares of the group for an upfront payment of DKK 122m (USD 18.21m) and an earnout payment of DKK 52m at target and depending on performance.


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 19/05/2017
Target: Scales Group Holding
Country: Denmark
Deal Size: 18.21m (USD)
Sector: Petroleum/Natural Gas/Coal
Type: Corporate acquisition
Financing: Cash
Status: Agreed
Vendor:
Buyer: NNIT A/S
Comment:


Options