Trifork acquires full ownership of Trifork Projects Copenhagen A/S
7/5/2012 8:01 AM EST
Trifork A/S
Company Announcement
Trifork acquires full ownership of Trifork Projects Copenhagen A/S
Message No. 10/2012
Aarhus, July 5, 2012, 2012-07-05 14:01 CEST (GLOBE NEWSWIRE) --
Today, Trifork A/S has purchased the remaining 49% of the shares in Trifork
Projects Copenhagen A/S. The purchase sum in total was DKKm 5 of which DKKm 0,5
is paid with Trifork shares and the rest in cash. The purchase will have no
impact on either revenue or EBITDA for the Trifork Group. For 2012 Trifork
still expect a revenue of DKKm 230 and an EBITDA-profit of DKKm 36.
In 2008 Trifork acquired 51% of the shares in TPC with the purpose to create a
bridgehead for the development activities of Trifork in Copenhagen. In the
period up to today we have succeeded with this goal and have a very positive
trend in both revenue and EBITDA-margins. In addition, there are created close
relationships with a wide range of customers based on the principle of mutual
respect and trust. This culture fits well with the philosophy of building and
maintenance of customer relationships and building strong relationships with
partners.
”By becoming a ”full” member of the Trifork-family it makes it even easier for
us to integrate functions and share resources and business opportunities with
other business units within the Trifork Group, and we expect this to create
even more growth for TPC and Trifork, “says Steffen Bering Jensen, Managing
dir., TPC.
”From the very beginning we have had a good synergy with TPC and we are really
pleased to be able to adopt the company completely in the family”, said Jørn
Larsen, CEO, Trifork, and continues: “ With the acquisition we just state that
the original decision to make close partnership was the right for both parties
– and we look forward to the future developments.”
About Trifork Projects Copenhagen
TPC was founded in 2008 based on a comprehensive software development function
from the company Nordija. In 2011 the revenue of the company was DKKm 14,4,
with an EBITDA-result of DKKm 2,7. TPC currently have 12 employees based in
Copenhagen and take part in deliverances on all the business areas of Trifork.
About Trifork
Trifork is an innovative software development company, which develop and
implement business-critical software solutions to several sectors including:
Finance, Healthcare, Government, Manufacturing and Telecom. The company is
organized into three different business-areas: Mobile, Agile and Cloud, and the
180 employees are spread into 7 offices in Aarhus, London, Copenhagen, Zürich,
Krakow, Stockholm and San Francisco. Trifork is listed on NASDAQ OMX in
Copenhagen with a market capitalization at the end of 2011 at DKKm 256 / EUR
34M.
Kind regards,
Board of directors, Trifork A/S
Trifork A/S
Margrethepladsen
DK-8000 Århus C, Denmark
CVR-no. 20921897
ISIN DK0060102887
Shortname: TRIFOR
Phone: +45 8732 8787
Fax: +45 8732 8788
Contact:
CEO, Jørn Larsen
Direct: +41 79 430 9697
E-mail: