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SoftwareOne acquires Crayon Group for $1.4 billion, expanding tech reach and revenue.
SoftwareOne, a Swiss tech firm, has agreed to acquire Norway's Crayon Group in a $1.4 billion stock and cash deal.
The combined company will have $1.8 billion in revenue, operate in over 70 countries, and employ around 13,000 people.
About 70% of their revenue comes from Microsoft business.
The acquisition aims to boost growth and profitability through cost savings and synergies.
SoftwareOne will offer Crayon shareholders 172.50 Norwegian crowns per share, a 36% premium.
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SoftwareOne adquiere Crayon Group por $1.4 mil millones, ampliando el alcance tecnológico y los ingresos.