Impact Europe sells off Scandinavian subsidiaries

AUTHOR: Inavate

Audiovisual and videoconferencing integrator Impact Europe Group AB has agreed to sell 100% of its shares in its two Scandinavian businesses to IT systems integrator Atea.

The deal does not include Impact Europe Group’s majority business activities in the UK.

The sale of the two companies, Impact Europe AB and Impact Europe Norge AS sets an enterprise value of SEK 49,8 million on the two companies combined.

Fredd Causevic, Group President & CEO of Impact Europe Group states: “This transaction enables us to further strengthen our investment in our managed services business in the UK whilst enabling our subsidiaries in Sweden and Norway to benefit from the scale and reach which Atea offers them in the Nordic region…this is a good deal for our customers, employees and shareholders.”

Atea is a leading Nordic and Baltic supplier of IT infrastructure.