Company announcement No. 76
ECIT is pleased to announce that the Norwegian ERP consultancy specialist Isonor IT AS (Isonor) has become a part of ECIT. The acquisition strengthens ECIT`s position within process industry solutions regarding retail, food, and construction and will support the digital support capacity and competence within ECIT.
ECIT is acquiring 65 % of the shares in Isonor while management holds a 35 % ownership. The acquisition has been settled in cash.
- Isonor`s competence and industry solutions will strengthen ECIT`s portfolio of industry specific solutions and we are pleased to welcome Isonor’s customers and employees to ECIT, says Peter Lauring, CEO in ECIT.
About Isonor IT AS
Isonor is a Norwegian ERP consultancy company offering modern ERP systems for business administration, and specialized industry solutions. Isonor is a Visma-partner, with a revenue of 11.8 MNOK in 2021, and 6 employees. Read more on https://isonor.no/
For further information please contact
Iselin Paulsen, Head of Communication Mads Skovgaard, Group CFO
Iselin.paulsen@ecit.com mskovgaard@ecit.com
+47 901 40 166 +45 2780 4942
About ECIT
ECIT was founded in 2013 and support a large customer base with accounting, payroll, and a broad range of IT services. ECIT has a well-proven model for acquisition and integration, ensuring proximity to customers and local entrepreneurship combined with the strength of a larger international group. ECIT has a proforma revenue (2021) of 2.6 billion NOK and +2,200 employees across 10 countries. M&A has been a key driver of the Company's growth and ECIT has completed more than 125 acquisitions since 2013. Read more at www.ecit.com