Proact becomes the market leading specialist in storage and archiving in Europe by acquiring the British integrator B2net
Proact IT Group AB (publ) has acquired 75 % of the British company B2net and has entered into a binding agreement giving it the opportunity to acquire the remaining 25 % which is currently held by B2net management.B2net has about 145 employees in five locations in the UK with a turnover of approximately GBP 48 million. The total purchase price is GBP 12 million for 75%. The acquisition price is 7 times B2net’s EBITA and 0.3 times B2net’s turnover. Proact’s results will benefit from the acquisition from the current year. B2net will be consolidated in Proact in the second quarter of 2011.