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Divestment of Cloud Connection AS. Company announcement No. 63

Written by Iselin Paulsen
Mar 25, 2022 7:35:00 AM

PC System Senteret AS, a 70% owned subsidiary of ECIT AS, has accepted an offer to
sell its shares in Cloud Connection AS. PC System Senteret AS owns 50% of Cloud
Connection AS. The sale has no material financial impact.

* PC System Senteret AS has been merged into ECIT Capstone AS as per March 17th 2022.


About ECIT

ECIT was founded in 2013 and support a large customer base with accounting, payroll,
and a broad range of IT services. ECIT has a well-proven model for acquisition and
integration, ensuring proximity to customers and local entrepreneurship combined with
the strength of a larger international group. ECIT has a proforma revenue (2021) of 2.55
billion NOK and +2,200 employees across 10 countries. M&A has been a key driver of
the Company's growth and ECIT has completed more than 125 acquisitions since 2013.

Read more at www.ecit.com

Iselin Paulsen

Iselin is Head of communication and media relations in ECIT Group, and assists with Investor Relations. Iselin is passionate about improving Nordic competitiveness through stronger emphasis on competencies, innovation and sustainability across private and public sector.

Read more articles from Iselin Paulsen