Techstep strengthens its position as the leading provider of managed mobility services in the Nordics through the acquisition of Optidev AB
Oslo, Norway, 3 September 2020, Techstep ASA ("Techstep" or the "Company") has entered into a binding agreement to acquire 100 % of the shares in Optidev AB ("Optidev") to strengthen its position as the leading provider of managed mobility services (MMS) in the Nordic region. Optidev is a fast growing and profitable company which is expected to generate SEK 205 million in revenues in 2020 with a gross profit of SEK 113 million and EBITDA of SEK 36 million. Additionally, Optidev has an annual recurring revenue (ARR) from own developed software of SEK 22 million as of 30 June 2020,