Acquisition of Atea by Emetor/Topnordic
ATRIUM Partners advised Emetor/Topnordic
Acquisition of Atea by Emetor/Topnordic
Sector(s) : TMT
Date : June 2006
Advisor(s) : Atrium Partners
Advised : Buy Side
Mid-Capital partner ATRIUM Partners advised Emetor/Topnordic
ATRIUM Partners acted as financial and strategic advisor to the largest Nordic IT infrastructure and IT product reseller Ementor/Topnordic in connection with the acquisition of the competitor Atea Holding AB. Atea Holding AB had a turnover of approx. SEK 7.9 billion and 1,300 employees.
Ementor/Topnordic’s acquisition of Atea creates the largest and leading Nordic and European IT system integrator and IT product distributor with a turnover of NOK 13 billion. The company will in the future be market leader in all four Nordic countries; Sweden, Denmark, Norway and Finland.
Furthermore the acquisition of Atea creates a strong strategic platform for further growth within the Nordic countries and a company with strengths and competencies for gaining market share outside the Nordic markets.
The transaction is carried out as an acquisition of 100 percent of the shares in Atea Holding AB and the sum of the transaction is paid cash to the sellers 3i (48.7%), WM Data (48.7%) and the management in Atea (2.6%). The financing of the acquisition is created by the establishment of a factoring facility based on the two companies’ combined account receivables and through a share issue in Ementor ASA, which is listed on the Oslo Stock Exchange.
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