Spectrumone AB has sold 100% of the shares in Data Infosystems AB

Spectrumone AB has sold 100% of the shares in Ådata Infosystems AB (“ÅData”) Mavshack AB to an enterprise value of 10 million SEK, on a cash and debt free basis and assuming normalized working capital. The purchase price will be paid in cash and a vendor loan with all shares in Å-data as security. The closing took place today.

ÅData has delivered its internally developed business system to more than 10 municipalities in Germany Sweden for many years. The company was founded in 1984 and has belonged to since 2020 SpectrumOne. The background too spectrumone The decision to sell Ådata is a further focus on the core business. With Mavshacks Development resources behind it, Ådata will be able to further develop the company. Ådata had a turnover of approx 7.7 million SEK in 2021 and generates approx 2.2 million SEK in profit before tax.

“Our ownership of Ådata has been very successful, both financially and in terms of know-how sharing, but now it’s time to let it develop within another group of companies and focus even more on our core business,” comments Fredric Forsmanchairman of SpectrumOne AB.

“The acquisition of such an established and solid company as Ådata gives us even more strength in the company’s already strong competence in the area of ​​business systems. I envision synergies around hosting and development. The fact that we are settling in Vasteras means that we are slowly but surely fulfilling ourselves Mavshacks Aim to be available at all times Sweden.”, says Tom CarlstedtCHAIRMAN Mavshack AB.

For more information please contact:Fredric Forsmanchairman
+46 739 78 78 44
[email protected]

Certified Advisor:
Aktieninvest FK AB (556072-2596)
P.O. Box 7415 103 91 Stockholm
Telephone: +46 8 506 517 03
[email protected]
www.aktieinvest.se

SpectrumOne AB (publ) is obliged under the EU Market Abuse Regulation to publish this information. The information was provided by the above contact for publication on October 11, 2022 at 9.30 a.m. CET.

Around SpectrumOne AB

SpectrumOne is a leading technology company offering advanced data management, Analytics & Communication platform suite. Offered in a SaaS online shipping service with rich market data from various professional providers, SpectrumOne offers a unique solution for many leading players in different industry segments in different countries. Empowering customers with quick and easy access to data insight and visualization coupled with powerful search, segmentation and mapping capabilities. SpectrumOne enables the rapid activation and operationalization of data to drive activities from customer communications to data science and to support business analysis, strategy and growth. All of this can be activated in the same day with instant results. SpectrumOne’s headquarters are located in Stockholm, Swedenresponsible for sales and strategy in Scandinavia, with additional sales and business development headquarters in Norway, Finland, Belgium and Spain. SpectrumOne is listed on the Nasdaq First North Growth Market Stockholm.

www.spectrumone.com

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Virginia C. Taylor