Enea sells its software development services business

“The divestment of Software Development Services reinforces our focus as a software product specialist for telecommunications and cybersecurity. The 5G and advanced cybersecurity market is entering an exciting phase, and we see opportunities to challenge established competitors and gain market share,” says Jan Häglund, President and CEO of Enea. “The divested business will leverage AROBS’ extensive international services organization to deliver additional value to customers in several areas.”
Software Development Services operated as an independent company within Enea. Following the sale, AROBS takes over responsibility for Enea’s customers in this area and becomes a software service provider for Enea.
“AROBS has been providing expert software development and IT services for over 20 years to a wide range of industries, giving us the ability to provide continuity and broader customer service to Enea,” says
The transaction involves the sale of 100% of the shares of Enea Software AB’s 100% subsidiary, Enea Services Romania SRL, at an enterprise value of
In the event of a successful closing, the transaction will increase Enea’s net income by approximately
Transaction costs are estimated at approximately
Invescom Corporate Finance acted as M&A advisor and Popovici Nitu Stoica & Asociatii acted as legal advisor to Enea in this transaction.
contacts
Jan Häglund, President and CEO
Email: [email protected]
Email: [email protected]
About Enea
Enea is one of the world’s leading software specialists for telecommunications and cybersecurity. The company’s cloud-native products are used to enable and protect services for mobile subscribers, enterprise customers and connected devices. More than 4.5 billion people trust Enea technologies in their daily lives.
Enea is headquartered in
For more information: www.enea.com
About AROBS
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