OSLO: Crayon Group Holding ASA has entered into a purchase agreement for Sensa Ehf., a company owned by Siminn hf.
Sensa is a leading IT services company for providing hosting and operations services as well as communications and security solutions to the corporate market. The company is based in Reykjavík, Iceland and has 120 employees working within consultancy and IT support.
The company provides services and solutions on Microsoft, Amazon Web Services, Cisco and NetApp among other industry leaders.
“This acquisition will support Crayon in expanding the value chain into cloud managed services for multicloud environments and further accelerate Crayon’s global service operations,” said Crayon Group CEO Torgrim Takle.
“Sensa has a long and robust track record with strong performance and outlook. In addition, their customer obsession made them the ideal company for us to acquire. We are excited for Sensa to join Crayon Group and the growth opportunities this will bring.”
The agreement purchase price for 100% of shares is ISK 3.25 billion and will be settled as follows (i) 2/3 in cash (ii) 1/3 in shares in Crayon Group Holding ASA subject to a 12-month lock-up from date of agreement. There will be a monthly release of 1/12 of shareholding during the lock-up period. The agreement was signed on 2nd December 2020.
Crayon Group Holding ASA is a leading IT advisory firm in software and digital transformation services. With unique IP tools and skilled employees, Crayon help optimize its clients’ ROI from complex software technology investments.
Crayon have long experience within volume software licensing optimization, digital engineering, predictive analytics and assists the clients through all phases of the process of a digital transformation. Headquartered in Oslo, Norway, the company has approximately 2,000 employees in 50 offices worldwide.