OSLO, NORWAY: Uniscale AS, a 100% owned subsidiary of CodeLab Capital AS, has agreed to acquire Acerat Limited to strengthen the inhouse development team.
Acerat is a well-known provider of consultant services to Uniscale for several years. The cost base of Uniscale AS will not change, but as a consequence the consultant costs will be reduced and the salary increased.
The acquisition is motivated by increased control of the human capital and value creation of the technology.
The seller is Acken AS, a 85% owned company of Svein Arne Ackenhausen. Mr Ackenhausen is the CTO in Uniscale. At the preference of both Mr. Ackenhausen and CodeLab Capital, the payment consists of a portion of shares in CodeLab.
As such Acken AS receives a cash payment of NOK 3.5 million and 5 million shares in CodeLab Capital AS (pursuant to authorization granted by the Company’s extraordinary general meeting of 28 April 2023).
Acerat Limited is a company registered in and operating under full authorization of the Ugandian authorities. The offices are located in Kampala, where the company shares office buildings with other blue-chip global companies. Acerat has been a consultant of development services for Uniscale AS for a long time and has 7 employees.