Vitec refinances its acquisition loan facility

Vitec signs an acquisition loan facility in Nordea of SEK 500 M. It replaces two previous facilities in Nordea of SEK 250 M and SEK 200 M. With the new facility, the loan is increased by SEK 50 M.

- Acquisition loan facilities are an effective form of funding that allows us to continue our strategy to grow through acquisition of vertical software companies, says Lars Stenlund, CEO of Vitec Software Group.

For more information, please contact

Patrik Fransson, IR, Vitec Software Group, tel. +46 76 942 8597

About Vitec

Vitec is market leader for Vertical Market Software in the Nordic region. We develop and deliver standard niche software. Vitec grows through acquisitions of well-managed and well-established software companies. The Group's overall processes together with the employees' in-depth knowledge of the customer's local market enables continuous improvement and innovation. Our 650 employees are based in Denmark, Finland, Norway and Sweden. Vitec is listed on Nasdaq Stockholm and had net sales of SEK 855 million in 2017. Find more at www.vitecsoftware.com.