OSLO: Arribatec Solutions ASA has signed LOI to acquire UK-based Integra Associates, a global elite partner of Unit4, to create the world’s largest provider of Unit 4 ERP services and solutions.

The acquisition is based on an enterprise value of GBP 1.5 million, with GBP 1.125 million in cash and GBP 0.375 million in Arribatec shares at NOK 2.2 per share, plus an earn-out element.

“We´re excited to announce the plan for Integra to join forces with Arribatec to create the largest provider of Unit4 ERP services and solutions worldwide. The Integra team has for decades delivered best-in-class services and solutions to an impressive customer list and is a perfect fit to our international ERP offering. With access to Integra’s highly competent consultants, complementary solutions and Arribatec’s Solution as a Service concept, we see a great potential in transforming how we jointly deliver and deploy business software worldwide,” says Per Ronny Stav, CEO of Arribatec.

Integra is UK’s longest-standing Unit4 partner and has helped organisations improve key business processes through industry leading solutions and services. The company, a global elite partner of Unit4 and the 2020 global service partner of the year, has offices in Leicester and Manchester, UK, and consists of a team of 45 highly competent resources.

Integra has more than 100 customers, mainly in the UK, but also in the US and Europe, and subsidiaries of UK companies worldwide. Among the customers are Havas Group, easyJet, Alvarez and Marsal, DFØ (Norway), Buro Happold Consulting Engineers etc. The company expects revenues of GBP 4.5 million in 2021 and positive EBITDA.

“We are really excited at the prospect of joining forces with Arribatec. Arribatec has an inspirational leadership and vision, and a customer centric approach and values which are very much in line with our own. Most importantly, joining the Arribatec family would allow us to deliver an unrivalled breadth and depth of expertise and solutions to our customers in the UK and worldwide,” says Mark Bloomer, founder of Integra.

The transaction is subject to due diligence and other customary conditions and is expected to close during the second quarter of 2021.

Arribatec is a software and consulting company headquartered in Oslo. www.arribatec.com