Vitec acquires Danish software company Visiolink

Visiolink offers a publishing system for digital versions of print media, such as newspapers, with a focus on media companies. Visiolink currently has about 200 customers in 9 European countries, where the Nordic countries account for a large portion of sales. The Visiolink Group had sales of SEK 62.4 million in 2019, with an adjusted EBITDA of SEK 14.9 million. Payment is in cash and a convertible bond with deviation from shareholders preferential rights in accordance with the authorization of the AGM 2019-04-10. The convertible bonds duration is 36 months, which at full conversion dilutes the capital by 0.2%.

– Visiolink has high-quality niche products that provide readers with the opportunity to read e-newspapers and e-magazines on their phones, tablets or computers. This well-established, profitable business is a good fit in our corporate culture. We acquire companies to keep them in the Group and work based on careful acquisition criteria. Today we would like to welcome over 50 new employees to the Group, says Lars Stenlund, CEO of the Vitec Software Group.