Mergers and Acquistions News
Categories: IT Services & Consulting
December 3rd 2008, 16:09PM
EQT and ATP have acquired Danish IT solutions provider KMD in a deal worth DKK 2 billion (£0.2 billion) on a debt-free basis.
The purchasing firms, a private equity fund and pensions investment trust respectably, believe their new asset to be a very attractive business with a unique market position.
KMD was previously owned by Local Government Denmark and providers IT solutions to municipal and state clients in the country.
Bjarne Graven Larsen, chief investment officer at ATP, said: "KMD is a strong, healthy business with good prospects. In recent years, the company has successfully continued to develop its business areas."
The two firms were impressed by the substantial know-how that KMD has built up, he added.
Last month, EQT raised a total of €1.2 billion for investments in northern and eastern Europe.
The company will be looking to use the money for transaction in the range of €100 million to €1 billion.
Related News
Categories
- BPO (32)
- Hardware (118)
- IT Services & Consulting (227)
- Media & Information Services (167)
- Semi-Conductors (77)
- Software (230)
- Telecoms (331)
Archive
- May 2012 (0)
- April 2012 (0)
- March 2012 (0)
- February 2012 (0)
- January 2012 (1)
- December 2011 (20)
- November 2011 (20)
- October 2011 (20)
- September 2011 (20)
- August 2011 (20)
- July 2011 (20)
- June 2011 (21)