OSLO, NORWAY: ECIT AS has acquired 24.98% stake in the Norwegian software company Zirius AS. The investment strengthens ECIT`s position within accounting software in Norway and is a good fit to the digital development in ECIT.
ECIT is acquiring 24.988 % of the shares in Zirius, with an opportunity to invest further in Zirius in the future. The investment has been settled in partly in cash and partly with treasury shares. After the transaction, ECIT AS’ stock of treasury shares is 1,244,503, corresponding to 0.274 % of the company`s total registered share capital.
“We are pleased to welcome Zirius to ECIT. Zirius`s ERP system for business administration offers a scalable and business supportive platform for customers in the upper SME segment. We are pleased to welcome Zirius’s customers and employees to become part of the ECIT business environment,” says Peter Lauring, CEO in ECIT.
From offices in Oslo in Norway and Coimbatore in India Zirius AS develops and delivers ERP solutions through a Partner Network. The software is used across many industries and handles complex processes e.g. within retail (POS), stock and logistics as within production and service management.
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