Spectrumone AB has sold 100% of the shares in Ådata Infosystems AB
Spectrumone AB has sold 100% of the shares in Ådata Infosystems AB (“Ådata”) to Mavshack AB at an enterprise value of SEK 10 million, on a cash-free and debt-free basis and assuming a normalized level of working capital. The purchase price will be settled in cash and a vendor loan with all the shares in Å-data as collateral. Closing took place today.
ÅData has been a supplier of its in-house developed business system to more than 10 municipalities in Sweden for many years. The business was started in 1984 and since 2020 has been part of SpectrumOne. The background to Spectrumone choosing to sell Ådata is continued focus on the core business. With Mavshack's development resources behind it, Ådata will be able to further develop the company. Ådata had a turnover of approximately SEK 7.7 million in 2021 and generated approximately SEK 2.2 million in profit before tax.
“Our ownership of Ådata has been very successful, both financially and in exchanging know-how, but now the time has come to let them develop within another company group and for us to even more focus on our core business", comments Fredric Forsman, chairman of SpectrumOne AB.
”Acquiring such an established and solid company as Ådata gives us even more strength in the company's already good competence in business systems. I envision synergies around hosting and development. The fact that we are establishing ourselves in Västerås means that we are slowly but surely fulfilling Mavshack's goal of being available throughout Sweden.”, says Tommy Carlstedt, CEO Mavshack AB.
For further information contact:
Fredric Forsman
Chairman
+46 739 78 78 44
[email protected]
Certified Adviser:
Aktieinvest FK AB (556072-2596)
Box 7415 103 91 Stockholm
Telefon: +46 8 506 517 03
[email protected]
www.aktieinvest.se
SpectrumOne AB (publ) is obligated to publish this information under the EU Market Abuse Regulation. The information was provided by the above contact person's auspices, for publication on October 11, 2022 at 9.30 am CET.
About SpectrumOne AB
SpectrumOne is a leading technology company delivering an advanced Data Management, Analytics & Communications platform suite. Offered in a SaaS online service shipping with rich market data from various professional providers, SpectrumOne provides a unique solution to many leading actors across industry segments in various countries. Enabling clients with fast and easy access to data insight and visualization coupled with powerful search, segmentation, and mapping features. SpectrumOne allows data to be quickly enabled and operationalized, driving activities from customer communication to data science supporting business analysis, strategy, and growth. All of which can be enabled the same day with immediate results. SpectrumOnes headquarter is based in Stockholm, Sweden, responsible for Nordic sales and strategy, with additional sales and business development located in Norway, Finland, Belgium and Spain. SpectrumOne is listed on Nasdaq First North Growth Market in Stockholm.
www.spectrumone.com
