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    Home > Finance > Switzerland's SoftwareOne nears bid for Norway's Crayon, Bloomberg News reports
    Finance

    Switzerland's SoftwareOne nears bid for Norway's Crayon, Bloomberg News reports

    Published by Global Banking & Finance Review®

    Posted on December 12, 2024

    2 min read

    Last updated: January 27, 2026

    Image of Morrow Batteries' facility in Norway, where the first battery cell plant is located. This relates to the $134 million loan facility granted to enhance battery manufacturing in Norway.
    Battery production facility in Norway, showcasing Morrow's manufacturing - Global Banking & Finance Review
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    Quick Summary

    SoftwareOne is close to acquiring Crayon Group in a stock-financed deal, aiming to take the company private. The acquisition could be announced soon.

    SoftwareOne Approaches Acquisition of Norway's Crayon Group

    (Reuters) - Swiss technology firm SoftwareOne Holding, which is currently in talks to sell itself, is nearing a deal to acquire Norwegian rival Crayon Group Holding, Bloomberg News reported on Thursday.

    The Swiss company is in the final stages of presenting a bid for Crayon and intends to take the company private, the report said, citing sources, adding that a deal could be announced as early as this month.

    SoftwareOne plans to finance the acquisition primarily or entirely with stock, according to the report.

    Its shares were down nearly 12% at 6.39 Swiss francs ($7.18) after the Bloomberg report, resulting in a company a valuation of about 1 billion Swiss francs ($1.12 billion).

    Meanwhile, Crayon Group rose by 8.5% at 137.7 crowns, giving it a market capitalization of about 12.16 billion crowns ($1.09 billion).

    SoftwareOne declined to comment, while Crayon did not immediately respond to a Reuters request for comment.

    Bloomberg News first reported in September that SoftwareOne was exploring a potential merger with Crayon Group.

    SoftwareOne, which helps customers buy and manage software from other providers, is also in talks to go private and said last month it had set a deadline to conclude the discussions.

    The Swiss company has been in talks with potential buyers, including private equity company Apax Partners, to take itself private.

    ($1 = 11.1356 Norwegian crowns)

    ($1 = 0.8899 Swiss francs)

    (Reporting by Kritika Singh in Bengaluru and additional reporting by Surbhi Misra in Bengaluru; Editing by Pooja Desai)

    Key Takeaways

    • •SoftwareOne is nearing a deal to acquire Crayon Group.
    • •The acquisition is expected to be stock-financed.
    • •SoftwareOne's shares fell by 12% after the news.
    • •Crayon Group's market value rose by 8.5%.
    • •SoftwareOne is also considering going private.

    Frequently Asked Questions about Switzerland's SoftwareOne nears bid for Norway's Crayon, Bloomberg News reports

    1What is the main topic?

    The article discusses SoftwareOne's potential acquisition of Crayon Group, a Norwegian software company.

    2How will the acquisition be financed?

    The acquisition is expected to be financed primarily or entirely with stock.

    3What are the market reactions?

    SoftwareOne's shares fell by nearly 12%, while Crayon Group's market value increased by 8.5%.

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