TurnIT acquires Arete and creates a base for the continued expansion of its consulting business
TurnIT acquires Arete and creates a base for the continued expansion of its consulting business * The new Arete is well-positioned in fast-growing market segments * Better opportunities to compete for the market's major agreements * Stronger delivery capabilities with a single brand and management * Efficiency gains of SEK 8-10 million beginning in 2001 * 85 B-shares in TurnIT are offered for every 100 shares in Arete, representing a premium of 30.7 percent * Senior officers and employees of Arete representing 38.9 percent of the shares have agreed to accept the offer * The Board of