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Isonor IT AS becomes part of ECIT. Company announcement No. 76

Written by Iselin Paulsen
May 25, 2022 3:00:00 PM

ECIT is pleased to announce that the Norwegian ERP consultancy specialist Isonor IT AS
(Isonor) has become a part of ECIT. The acquisition strengthens ECIT`s position within
process industry solutions regarding retail, food, and construction and will support the
digital support capacity and competence within ECIT.

ECIT is acquiring 65 % of the shares in Isonor while management holds a 35 % ownership.
The acquisition has been settled in cash.

- Isonor`s competence and industry solutions will strengthen ECIT`s portfolio of industry
specific solutions and we are pleased to welcome Isonor’s customers and employees
to ECIT, says Peter Lauring, CEO in ECIT


About Isonor IT AS

Isonor is a Norwegian ERP consultancy company offering modern ERP systems for
business administration, and specialized industry solutions. Isonor is a Visma-partner, with
a revenue of 11.8 MNOK in 2021, and 6 employees. Read more on https://isonor.no/

About ECIT

ECIT was founded in 2013 and supports a large customer base with Accounting,
Payroll and a broad range of IT services and solutions. ECIT has a well-proven
model for acquisition and integration, ensuring proximity to customers and local
entrepreneurship combined with the strength of being 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 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