Press release -
Visma finalises divestment of businesses within Cloud Infrastructure Services
On 16 September 2022, Visma announced an agreement to divest the Norwegian and Swedish parts of its Cloud Infrastructure Services (CIS) division to the Møller family's investment company Aars.
All necessary conditions have now been met, including approval from competition authorities in Norway and Sweden, and the transaction has been finalised.
CIS supplies technical IT services to large Nordic companies, and has a track record of solid growth and strong customer satisfaction.
“Aars has expressed a clear ambition to strengthen its presence in IT and related services, and I am convinced that they will be a good owner for our CIS businesses. For Visma, this means that we continue to crystallise our position as a leading supplier of mission-critical software in Europe", says Merete Hverven, CEO of Visma.
The agreement entails that Aars will buy Visma Exso AS, Visma EssCom AB and 50.1 percent of Value Retail Consulting AS.
Aars is already the main owner of the IT service company InfoCare, and the acquisition of the CIS companies is part of a long-term plan to build a robust Nordic IT supplier with high delivery capacity, a wide range of services and local presence close to the customers.
"InfoCare, Exso, EssCom and Value Retail Consulting have complementary products and service offerings, and bringing them together under a common ownership enables us to combine the best of these businesses", says Runar Kvåle, Investment Director at Aars.
Visma is a leading provider of mission-critical business software for a more efficient and resilient society. By simplifying and automating the work of companies and organisations of all sizes, we improve people's everyday lives. With 13,500 employees, 1,400,000 private and public sector customers across Europe and Latin America, and net revenue of € 2,081 million in 2021, we are committed to making tomorrow better than today. Visit us at visma.com.