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The latest announcement is out from Atea ASA ( (ATAZF) ).
Atea has agreed to sell a 51% stake in its Latvian subsidiary AppXite SiA, a platform for distributing and reselling subscription-based software and IT services, to UK-based Aries Global, while retaining a 41% ownership on a fully diluted basis through share sale and employee option arrangements. The deal, valuing the majority stake at up to EUR 10.7 million, comes as AppXite is forecast to generate around EUR 5 million in IFRS revenue in 2025 with breakeven EBIT, and is positioned as a strategic move to accelerate AppXite’s growth with a new majority owner while keeping Atea closely involved in the development of its subscription-management capabilities and partner ecosystem.
The most recent analyst rating on (ATAZF) stock is a Buy with a NOK170.00 price target. To see the full list of analyst forecasts on Atea ASA stock, see the ATAZF Stock Forecast page.
More about Atea ASA
Atea is the leading supplier of IT infrastructure in the Nordic and Baltic regions, delivering hardware and software from global vendors alongside consulting and technical services to support the design, implementation and operation of customers’ IT environments. With nearly 8,000 employees across 88 cities in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia, the Oslo-listed company generated about NOK 35 billion (EUR 3 billion) in revenue in 2024 and focuses on large-scale enterprise and public-sector IT solutions.
YTD Price Performance: 15.38%
Average Trading Volume: 88,059
Current Market Cap: NOK17.39B
See more data about ATAZF stock on TipRanks’ Stock Analysis page.