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Provider: Reuters Investment Profile
Provider: Wright Reports

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PSI Group ASA Sells Its InStore IT Shares to Visma for NOK 49.8 Million; Companies to Continue Cooperation

Tuesday, 11 Jun 2013 02:33pm EDT 

PSI Group ASA announced that the Company and Visma AS have signed an agreement, where PSI Group ASA sells their shares in the five InStore IT companies to Visma Norge Holding AS for NOK 49.8 million. PSI Systems AS and Visma Retail have simultaneously agreed to continue the long-term service cooperation in the regions in Norway through these companies. The InStore IT concept consists of five companies with approximately 85 employees who together provide service to the retail industry in the regions in Norway. Visma Retail AS and PSI Group ASA owned from 30% to 40.55% each in the four InStore IT companies in Sor, Vest, Innland and Nord (associated companies). In addition PSI Group ASA owned 80% in the InStore IT company Midt-Norge (subsidiary). 

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