Nordic Business Report-August 7, 2006-Wise Group AB completes divestment of Sign On AB
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The Swedish human resources consulting group Wise Group AB said on Friday (4 August) that it has completed the divestment of its Office services subsidiary Sign On AB.
The operations, which represent Wise Group's former core business, was sold to a company established by Sign On's management for a total of SEK7.6m.
Sign On has four employees and reported revenues of SEK3.8m in the first half of 2006.
The divestment is part of Wise Group's strategy to focus on its new core business, human resources consulting.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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