Proact acquires Compose IT System AB to strengthen the position in cloud services
The acquisition of Compose IT System AB is in line with earlier announced strategy to further strengthen Proact’s capabilities and position within the cloud service area.Proact IT Group AB (publ) has, via own shares and cash, acquired 95 % of the Swedish company Compose IT System AB. A binding agreement gives Proact the opportunity to acquire the remaining 5 %, currently held by the management of Compose IT System AB. The total purchase price is 53.2 MSEK. The operation will be part of the Proact Business Unit Nordics, and will be operated as a separate entity under the name Proact Compose