SoftwareOne announces $1.3 billion deal to buy Norwegian rival Crayon

Quick Summary:

:Swiss technology firm SoftwareOne Holding on Thursday announced a deal to acquire Crayon Group Holding in a stock and cash offer that valued its Norwegian competitor at around $1.34 billion.

Crayon's board of directors has unanimously resolved to recommend Crayon shareholders accept the offer, it added.

The combined firm would have total revenue of around 1.6 billion francs ($1.78 billion) with a presence across more than 70 countries and around 13,000 employees, the statement said.

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Article Details

Category: EconomyBusiness

Markets: SingaporeNorway

Topics: Cent Francs Million Firm Share Statement Crayon Offer Announces Norwegian Softwareone

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 14:30:27 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 286 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 16 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24547278

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