Addnode Group has signed a SEK 200 M revolving credit facility for acquisitions
STOCKHOLM, January 20, 2015
Addnode Group has in addition to existing credit facilities signed a SEK 200 million revolving credit facility with the bank Nordea. The agreement has a term of four years and the credit can be called up gradually.
"Through the acquisition credit facility of SEK 200 million, we have secured capital that will allow us to continue the strategic plan to grow through acquisitions that complement and strengthen our operations", says Staffan Hanstorp, President and CEO of Addnode Group.
The information in this press release is such that Addnode Group must disclose in accordance with the Swedish Securities and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was released on January 20, 2015, 09.00 a.m.
For more information:
Staffan Hanstorp, CEO and President, Addnode Group
Tel: +46 (0)733 77 24 30, e-mail: firstname.lastname@example.org
Johan Andersson, CFO and Head of Investor Relations, Addnode Group
Tel: +46 (0) 704 205 831, e-mail: email@example.com
About Addnode Group
Addnode Group provides mission-critical IT solutions to selected markets in both private and public sectors. We acquire, build and manage companies that deliver IT solutions for the specific needs of our clients.
Every day, 400,000 engineers use our systems to develop and maintain products, buildings and facilities. 100,000 civil servants in the public sector use our solutions for municipal and state administration.
We are 950 employees in Sweden, Norway, Finland, Denmark, UK, USA, India and Serbia. In 2013 net sales totaled SEK 1 444 M. Addnode's Series B share is listed on the OMX Nordic List, Small Cap. For more information, please visit www.addnodegroup.com.