Crayon Group Holding — M&A Activity 2020

Apr 3, 2020

CRAYON: Crayon acquires IT Operations and Support unit from Techstep

CRAYON: Crayon acquires IT Operations and Support unit from Techstep

Crayon AS has on April 3rd 2020 entered into an agreement to purchase an IT Operations and Support business unit from Techstep Norway AS. According to the agreement, Crayon has acquired the business unit for a total consideration of MNOK 8. The acquisition is structured as an asset purchase, taking effect on April 1st 2020.

The acquired business unit has 8 employees in the Nordics and comes with an IT Operations and Support contract with Recover Nordic. Crayon has also signed a 3-year IT operations and support agreement with Techstep.

Total annual recurring gross profit under the above-mentioned contracts is approx. MNOK 11.

“The Nordics is experiencing significant growth and increased cloud maturity. With the acquisition of this business unit, Crayon strengthens its offering within Managed Services to accelerate and deliver at scale in the region”, says CEO of Crayon Torgrim Takle.

For further queries, please contact:

For further information, please contact:

Torgrim Takle, CEO, +47 95 14 07 82

Jon Birger Syvertsen, CFO, +47 97 19 92 51

About Crayon

Crayon Group Holding ASA is a leading IT advisory firm in software and digital transformation services. With unique IP tools and skilled employees, Crayon help optimize its clients' ROI from complex software technology investments. Crayon have long experience within volume software licensing optimization, digital engineering, predictive analytics and assists the clients through all phases of the process of a digital transformation. Headquartered in Oslo, Norway, the company has approximately 1,500 employees in 50 offices worldwide.