Lagercrantz sells software business
Lagercrantz Group has today sold 100% of the shares in the wholly owned Danish company Betech Data A/S (Betech) to Future Group Oy. Betech is a distributor primarily in Denmark and Norway of software for CAD/CAM applications. Together with Future Group, which conducts similar operations in primarily Sweden and Finland, a strong Nordic player is created. Betech has been part of Lagercrantz Group's division Communications until January 2016. The deal reduces turnover of Lagercrantz Group, with approximately DKK 180m on an annual basis, but is not expected to affect the Group's earnings