Proact IT Group AB (publ) has, via own shares and cash, acquired 95 % of the Swedish company Compose IT System AB. A binding agreement gives Proact the opportunity to acquire the remaining 5 %, currently held by the management of Compose IT System AB. The total purchase price is 53.2 MSEK. The operation will be part of the Proact Business Unit Nordics, and will be operated as a separate entity under the name Proact Compose IT AB. Compose IT System will consolidate with Proact in the first quarter of 2016. Compose IT System is a well-established provider of managed services and cloud service solutions in the Swedish market. The focus is to deliver high quality services built upon sound core values, deep knowledge, paired with a consultative and proactive approach. The current portfolio ranges from hosting and capacity services to outsourcing services as well as cloud solutions. The company has 50 employees with a turnover of approximately 80 MSEK.
Proact’s CEO Martin ?dman says “this is a strategically important acquisition for Proact. Customers are exploring alternative ways for how to manage their IT-environment, with this acquisition Proact will be an even more natural choice. This acquisition is in line with market needs and will further accelerate our strategy to grow in Datacentre Solutions, Managed Services and Cloud Solutions. We will hereby strengthen our position in the Nordics by leveraging the knowledge and the experience of Compose IT System in delivering Managed Services and Cloud Solutions with high quality. It gives us a great opportunity to serve our customers on an even broader scale”.
“From a strategic point of view this is a natural step towards securing more advanced specialist knowledge in the area of cloud solutions in our home market. The acquisition will bring additional expertise, experience and customers in a fast growing segment of the market where we have grown substantially in the recent years”, says Jakob H?holdt, VP Corporate Strategy & Efficiency in Proact.
“It is of course great to join a well renowned company like Proact. We look forward to be part of a larger cooperation with the ability to provide interesting opportunities for our customers as well as for our employees. I also see possibilities for developing new services with shorter time to market and by that create an even more diversified offering for the benefit of our customers”, says Anders Lerjestam, Managing Director Compose IT System AB.
