Atea acquires Total Storage Solutions Norge

(Norway) Atea AS has entered into agreement to acquire Total Storage Solutions Norge AS, who is specialized in data storage and backup solutions.

Total Storage Solutions Norge (TSS) has offices in Oslo, Bergen, Stavanger and Kongsberg, and has 19 employees. The company is expected to generate total revenue of MNOK 70 and EBITDA of MNOK 8 in 2012.

The acquisition will strengthen Atea's focus on data storage and backup solutions in general, and in IBM technology particularly. TSS is a niche supplier to the banking and oil industries, industries with high requirements for quality and expertise.

Atea has acquired all shares in the company. All employees will continue in Atea after the transaction. The acquisition is subject to approval by the competition authorities and will then have effect in three weeks from now.

The agreed transaction value (enterprise value) is MNOK 31.5.

For further information, please contact:
Steinar Sønsteby, Managing Director Atea AS, mobile +47 930 55 655
Rune Falstad, CFO Atea ASA, mobile +47 906 14 482

   
About Atea
Atea is the leading Nordic and Baltic supplier of IT infrastructure with more than 6,000 employees. Atea is present in 81 cities in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers IT products from leading vendors and assist its customers with specialist competencies within IT infrastructure services. Atea had revenue of more than NOK 20 billion in 2011 and is listed on Oslo Stock Exchange.
www.atea.com

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