Atea acquires IT infrastructure company in Sweden with a strong market position in the Gothenburg area

(Sweden) Atea Holding AB has entered into agreement
to acquire Benzler Group AB with 60 employees and
revenue of MSEK 280 (MNOK 243.9) and EBITDA of MSEK
8.1 (MNOK 7.1) in the fiscal year ending 30 June
2010.

Benzler Group AB has 60 employees and is
headquartered in Gothenburg with offices in 6 other
cities in central Sweden. The company provides IT
products and services to customers within both the
private and public sector, and has a strong market
position in the Gothenburg area.

The acquired company is expected to deliver revenue
of MSEK 301 (MNOK 262.2) and EBITDA of MSEK 12.2
(MNOK 10.6) in the fiscal year ending 30 June 2011.

Atea has acquired 100% of the shares from the
management and key employees in Benzler Group AB. All
management team members and key employees will
continue in Atea in new positions. The founder of the
company, Hans Benzler, who is currently acting as
chairman has however wished to resign upon completion
of the transaction.

The agreed enterprise value is MSEK 61.0 (MNOK 53.1).
The transaction value will be paid upon completion of
the transaction.

The transaction is subject to approval from the
Swedish Competition Authority and is expected to have
effect within 5 weeks from this announcement.


For further information, please contact:
Lars Pettersson, Managing Director, Atea Sweden AB,
mobile +46 705 170 2802
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]