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Vitec Software Group B — Capital/Financing Update 2017
Jun 21, 2017
2988_rns_2017-06-21_4ab248cd-65e0-4518-9bd5-57d554ccab65.pdf
Capital/Financing Update
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PRESS RELEASE DATE: 2017-06-21
Page 1 (1)
Vitec expands revolving credit facility with MSEK 200
Vitec expands its existing revolving credit facility at Nordea with MSEK 200.The facility is for acquisitions and called of gradually.
- Through the credit facility, we have secured capital that will allow us to continue the strategic plan to grow through acquisitions of vertical market software companies, says Lars Stenlund, CEO of Vitec Software Group.
For more information, please contact
Patrik Fransson, IR, Vitec Software Group AB (publ.), Mob. +46 76 942 8597
Disclaimer
This information is of such a kind that Vitec Software Group AB (publ.) is legally required to disclose pursuant to the EU's Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication at 13:00 CET on Wednesday, June 21, 2017.
VITEC • www.vitecsoftware.com • [email protected]
UMEÅ: TVISTEVÄGEN 47 A, 907 29 UMEÅ, SWEDEN. PHONE: +46 90-15 49 00
Vitec Software Group AB (publ) is a Nordic software company that develops and delivers standardised software for industry specific needs. The Group has operations in Sweden, Denmark, Finland and Norway and grows in the mature part of the software industry by consolidating vertical software segments. Our customers include facility management companies, construction and real estate companies, banks and insurance companies, utilities and energy traders, healthcare companies, car spare part dealers and waste management companies . The Group has 500 employees and had 2016 a turnover of SEK 675 million. Vitec is listed on Nasdaq Stockholm.