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Provider: Reuters Investment Profile
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Knowit AB Acquires Norwegian Amende AS

Wednesday, 19 Jun 2013 08:00pm EDT 

Knowit AB announced that the Company has acquired a Norwegian company, Amende AS, with 35 employees. Amende is engaged in system development and strategic consultancy, focused on Microsoft technology. Acquisition will take place in June of 2013. Knowit will in the first stage acquire 55% of shares in Amende AS to be paid in cash. Over the coming three years, Knowit will acquire the remaining shares in the company, distributed equally over the years. The price of the coming gradual share acquisitions will depend on the results of Amende. Financial details were not disclosed. 

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-0.3 -0.61%
30 Jan 2015