TietoEnator acquires Araneum
TietoEnator acquires Araneum TietoEnator and Araneum have signed an agreement concerning the acquisition of the Danish web-agency. The deal was announced in July and means that TietoEnator now takes over Araneum´s 55 employees as well as its customers including a number of international corporations and representatives of the public sector. The purchase price is 2,1 MEUR. The acquisition supports TietoEnator´s expansion strategy and will strengthen the company´s position in the Danish market. TietoEnator will now have approximately 350 employees in Denmark. Araneum continues under its own name, but as a division under TietoEnator Consulting in Denmark. All the employees and Araneum´s existing management team will continue in this new division. Both parties will now focus on optimising the synergy effects of the acquisition. - Araneum´s strengths in the areas of communication, design and web- development, are perfect supplements to TietoEnator's areas of expertise. Together, the two companies have a good platform for creating solid solutions to Danish companies and the public sector, says Ole Berg Nielsen, Country Manager in TietoEnator. - Araneum can now offer a wide range of services to the customers. We have also created a strong financial base and a leading competence, which makes Araneum a solid alternative compared to our competitors, says Jesper Drustrup, CEO, Araneum. The acquisition will be effective from the first of September 2002. For further information, contact: Ole Berg Nielsen, Country Manager, TietoEnator in Denmark, (+45) 33276274 Jesper Drustrup, CEO, Araneum, (+45) 72241000 TietoEnator With almost 12,000 employees and annual net sales of EUR 1.1 billion, TietoEnator is a leading supplier of high value-added IT services in Europe. TietoEnator specialises in consulting, building and hosting its customers' business operations in the digital economy. The Group's services are based on a combination of deep industry-specific expertise and latest information technology. www.tietoenator.com Araneum Araneum is one of the leading web-agencies in Denmark with 55 employees. Its customers includes a number of international corporations as Novo Nordisk, ISS, Navision and a large portfolio of public customers and NGO's. www.araneum.dk TIETOENATOR CORPORATION DISTRIBUTION Principal media ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/09/05/20020905BIT00310/wkr0001.doc http://www.waymaker.net/bitonline/2002/09/05/20020905BIT00310/wkr0002.pdf