Vitec Software Group AB acquires Cito IT A/S
PROJECTMANAGER
Lars Stenvold Wik
MANDATE
Buyside
INDUSTRY
Technology
SaaS & Software
PROJECTMANAGER
Lars Stenvold Wik
MANDATE
Buyside
INDUSTRY
Technology
SaaS & Software
Vitec Software Group AB (publ) strengthens its Nordic position through the acquisition of the Danish software company Cito IT A/S.
The company has a software for apothecaries in Denmark and had revenues of 25,5 million DKK and EBITDA of 7,6 million DKK in 2016/2017.
The acquisition is expected to increase earnings per share for Vitec and consolidation will begin on the transaction date.<
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