Atea acquires IT infrastructure company in Finland

(Finland) Atea Oy in Finland has entered into
agreement to acquire all shares in Datawest Oy, a ICT
hardware and service provider in Western Finland.

Datawest Oy has 16 employees and realized revenue of
MEUR 6.4 (MNOK 52.1) and EBITDA of EUR 68,000 (MNOK
0.6) in the fiscal year ended May 2010. The company
has offices in Rauma, Pori and Turku and is selling
products and services from leading vendors as Cisco,
Citrix, HP, Lenovo, Microsoft and VMware.

The acquired business is expected to generate revenue
of MEUR 7.0 (MNOK 57.0) and EBITDA of MEUR 0.2 (MNOK
1.6) in the existing fiscal year ending May 2011.

The acquisition will strengthen Atea's existing
business and local presence in Western Finland. New
customers, especially within the mid-size companies
and public sector as well as additional service
business, will be added to Atea´s portfolio.

Atea has acquired 100% of the shares from the
management of the company of which two out of three
will continue in Atea and be responsible for
accelerating the growth of the hardware and service
business in Western Finland.

The agreed transaction sum on cash and debt free
basis (enterprise value) is MEUR 0.7 (MNOK 5.7)
including an earn out element of MEUR 0.1 (MNOK 0.8).

The transaction will have effect as of October 26,
2010.

The acquisition of Datawest Oy in Finland is in line
with the announced 20:11:1 growth plan for Atea.


For further information, please contact:
Juha Sihvonen, Managing Director, Atea Oy, mobile
+358 400 735 134
Rune Falstad, CFO Atea ASA, mobile +47 906 14 482


About Atea
Atea is the leading Nordic and Baltic supplier of IT
infrastructure with approximately 4800 employees.
Atea is present in 73 cities in Norway, Sweden,
Denmark, Finland, Lithuania, Latvia and Estonia. Atea
delivers IT products from leading vendors and assists
its customers with specialist competencies within IT
infrastructure services. Atea has annual revenue of
approximately NOK 15 billion and is listed on Oslo
Stock Exchange. [http://www.atea.com]