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Hitt og þetta 1. ágúst 2006

Wise Group AB completes acquisition of Svensk PA Forum AB

Nordic Business Report-August 1, 2006-Wise Group AB completes acquisition of Svensk PA Forum AB
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The Swedish human resources consulting group Wise Group AB said on Tuesday (1 August) that it has completed its previously announced acquisition of Svensk PA Forum AB.

Svensk PA Forum has five employees and reported a turnover of SEK12.3m in 2005.

Wise Group acquired the company for an initial payment of SEK375,000 in cash and 3.75m shares of Wise Group. Depending on certain conditions being fulfilled Wise Group will also make an additional cash payment of SEK375,000 before the end of the year.

One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).

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