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Dovre Group Oyj Updates on Acquisition of Safran Software Solutions AS by SNA Holding AS


Friday, 28 Dec 2012 08:00am EST 

Dovre Group Oyj (Dovre Group) announced that it has received a notice from SNA Holding AS on December 28, 2012 to call its option to acquire the entire share capital of Dovre Group’s fully owned Norwegian subsidiary, Safran Software Solutions AS. The option is based on an agreement signed in 2009 between Dovre Group and SNA Holding AS. The completion of the sales process, including contract negotiations and due diligence, is estimated to take place by end of March 2013. In case the transaction is completed, the expected consideration for the shares is on the level of EUR 5 million. 

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31 Oct 2014