OSLO, NORWAY: Atea Denmark has entered an agreement to acquire KMD’s hardware and infrastructure software business.
The acquired business sells hardware and standard software to customers primarily in the Danish market. The business has 24 employees across three office locations in Denmark.
KMD’s hardware and software business portfolio has three-digit million in sales and is well aligned with Atea’s operations in Denmark, including products from Atea’s strategic partners.
Closing of the agreement is subject to customary conditions for completion, including the transfer of major customer contracts and approval from the competition authorities. The parties have agreed that other transaction terms shall remain confidential.
“We are excited to acquire KMD’s hardware- and software business and to welcome its customers and employees to Atea,” commented Atea CEO Steinar Sønsteby.
“The KMD business is a very good strategic fit for Atea, and our company can provide an excellent platform for its future development and growth. Customers will benefit from the full breadth of products and services which Atea offer and employees will benefit from being part of a larger organization, with many opportunities for career growth.”
Atea Denmark is the leading supplier of IT infrastructure in the Nordic and Baltic regions. Atea is present in 85 cities with over 7,500 employees in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia.
Atea delivers hardware and software from leading global vendors, and provides consulting and technical services to support its customers with the design, implementation and operation of their IT environments. Atea had revenue of approximately NOK 41 billion (EUR 4.1 billion) in 2021 and is listed on Oslo Stock Exchange.
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