ECIT AS (DE:3CZ) has released an update.
Olympus BidCo AS has completed its voluntary offer to acquire all outstanding B- and C-class shares of ECIT AS, with plans for a compulsory acquisition of any remaining shares at NOK 10 per share. ECIT, a company specializing in accounting, payroll, and IT services, has grown significantly through over 135 acquisitions since 2013, boasting a proforma revenue of 3.8 billion NOK. This acquisition aligns with ECIT’s growth strategy and strengthens its position in the international market.
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