Solteq Oyj (HEL:STQ1V) announced on Friday that its board of directors has accepted the subscription of shares related to the acquisition of Aponsa
Ab and Pardco Group Oy.
26 October 2016 - Finland-based digital commerce expert Solteq has acquired the entire share capital of Swedish retail technology firm Aponsa AB for around EUR 1.13m (USD 1.23m), the company said.
Taken the acquired Aponsa into account, there is now about 30 digital commerce experts in Solteq in Sweden, and even stronger expertise of retail business and LS Retail technology than before.
There are 20 people working in Aponsa and personnel is highly focused on Microsoft Navision and LS Retail technologies.
Revenue of Aponsa AB was approximately EUR 2.2m and operating profit about 3% on latest accounting period (unaudited).
M2 EQUITYBITES-October 26, 2016-Solteq Acquires Swedish Retail Technology Firm Aponsa
for EUR 1.13m
25 October 2016 - Finland-based digital commerce expert Solteq has acquired the entire share capital of Sweden-based retail technology company Aponsa AB for enterprise value of USD 1.23m (EUR 1.13m), the company said.
Aponsa focuses on developing clients' long-term profitability.
In addition to Swedish operations, Aponsa AB has fully owned subsidiary in Riga, Latvia, that focuses on subcontracting.
M2 EQUITYBITES-October 25, 2016-Solteq Acquires Swedish Retail Technology Firm Aponsa