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Finance

SoftwareOne announces deal to buy Norwegian rival Crayon

Published by Global Banking & Finance Review

Posted on December 19, 2024

1 min read

· Last updated: December 19, 2024

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SoftwareOne to Acquire Norwegian Firm Crayon Group

(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)

Key Takeaways

  • SoftwareOne to acquire Crayon Group Holding.
  • The deal values Crayon at 172.50 Norwegian crowns per share.
  • This represents a 36% premium on Crayon's stock.
  • Both companies are leaders in software and cloud solutions.
  • The acquisition involves a stock and cash offer.

Frequently Asked Questions

What is the main topic?
The main topic is SoftwareOne's acquisition of Crayon Group Holding, a major deal in the software and cloud solutions industry.
What is the value of the acquisition?
The acquisition values Crayon Group at 172.50 Norwegian crowns per share, representing a 36% premium.
Who are the companies involved?
The companies involved are SoftwareOne Holding AG and Crayon Group Holding ASA.

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