Vitec acquires the software company HK data AS
Vitec Software Group AB (publ) strengthens its Nordic position in Vertical Market Software by acquiring all shares in the Norwegian software company HK data AS on December 17. The products are aimed at the welfare and health sector in Norway. The customers consist of companies, municipalities, counties and voluntary organizations. The company had sales of MNOK 16.0 with an adjusted EBITDA result of MNOK 1.7 for the financial year 2018.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