Vitec acquires the software company M&V Software Oy
On December 12 today, Vitec Software Group AB (publ) will be strengthening its position in the Nordic market for Vertical Market Software, through the acquisition of all shares in the Finnish software company, M&V Software Oy. The company’s product is aimed for parishes in Finland. The company expected sales is SEK 19.0 million, with an adjusted EBITDA of SEK 4.6 million for the 2019 financial year.Payment is in cash. The acquisition is expected to directly result in an increase in earnings per share for Vitec. Consolidation is from the acquisition date and the company will be included in