Nordic Business Report-July 5, 2006-Wise Group AB acquires Svensk PA Forum AB
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The Swedish office and human resources management tools and services provider Wise Group AB said on Wednesday (5 July) that it has agreed to acquire staffing and recruiting company Svensk PA Forum AB.
The consideration comprises an initial payment of SEK375,000, a dividend of SEK2.25m, and an additional cash payment of SEK375,000 based on future performance.
Svensk PA Forum has five employees and reported a turnover of SEK12.3m in 2005.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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