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Home > Finance > SoftwareOne announces deal to buy Norwegian rival Crayon

Finance

SoftwareOne announces deal to buy Norwegian rival Crayon

Published by Global Banking and Finance Review

Posted on December 19, 2024

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(Reuters) - Swiss technology firm SoftwareOne Holding on Thursday announced a deal to acquire Crayon Group Holding, with an offer valuing its Norwegian rival at 172.50 Norwegian crowns ($15.20) per share, representing a 36% premium.

"SoftwareOne Holding AG and Crayon Group Holding ASA, two leading global providers of software and cloud solutions, today announced that they have agreed to combine," the companies said in a statement.

"To this end, SoftwareOne will launch a recommended voluntary stock and cash offer to acquire all outstanding shares in Crayon."

($1 = 11.3461 Norwegian crowns)

($1 = 0.9002 Swiss francs)

(Writing by Rachel More)

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