Proact acquires Teamix GmbH to strengthen its position in Germany
Proact IT Group AB (publ) has, via its own shares and cash, acquired all the shares of Teamix GmbH. The total purchase price is 9 MEUR, which corresponds to a P/E ratio of 8. The operation will be part of the Proact Business Unit West, and will be operated as a separate entity under the name Proact IT Germany GmbH.It is strategically important for Proact to be present in the German market. Proact founded a “greenfield” operation in Germany in 2014. The acquisition of Teamix, an established, growing and well-managed company, will accelerate Proact’s growth in Germany and increase the