Nordic Business Report-August 17, 2006-Exense ASA acquires Avantra AB
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Norwegian IT company Exense ASA said on Thursday (17 August) that it has agreed to acquire the Swedish company Avantra AB.
The purchase consideration comprises a fixed payment of SEK15.9m in cash and shares, and additional payments of up to SEK1.3m based on future performance.
Avantra provides IT systems and consulting services for strategic purchasing. It has 21 employees and reported revenues of SEK23.8m in 2005.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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