Vitec acquires the software company Vabi in the Netherlands
Vitec Software Group AB (publ) is strengthening its position in Vertical Market Software on September 10 by acquiring all shares in the Dutch software company Vabi Holding B.V. The company reported sales of EUR 6.8 million with an EBITDA result of EUR 4.25 million for the 2020 financial year.Vabi develops and provides software that contributes to sustainable and efficient energy management for the real estate industry. The products have several functions such as decision support systems, user-friendly 3D simulations and energy certification for reduced climate impact. Payment will be in