M&A Activity • Dec 28, 2012
M&A Activity
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Disclosure 303814
Espoo, Finland, 2012-12-28 14:00 CET (GLOBE NEWSWIRE) -- Dovre Group Plc Stock Exchange Bulletin December 28, 2012 at 3:00pm Dovre Group received a call option notice regarding Safran Software Solutions AS Dovre Group Plc has received a notice from SNA Holding AS on December 28, 2012 to call its option to acquire the entire share capital of Dovre Group's fully-owned Norwegian subsidiary Safran Software Solutions AS. The option is based on an agreement signed in 2009 between Dovre Group Plc and SNA Holding AS. The completion of the sales process, including contract negotiations and due diligence, is estimated to take place by end of March 2013. In case the transaction is completed, the expected consideration for the shares is on the level of EUR 5 million. For further information, please contact: Dovre Group Plc Janne Mielck, CEO Tel. +358 (0)20 436 2000 [email protected] www.dovregroup.com Dovre Group is a global provider of project management services and software. Dovre Group consists of three divisions: Project Personnel, Consulting, and Software. In 2011, the Group's net sales were EUR 77 million. Dovre Group employs over 400 people worldwide. Dovre Group is listed on the NASDAQ OMX Helsinki (symbol: DOV1V). DISTRIBUTION: NASDAQ OMX Helsinki Plc Major media
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