KISTA, Sweden--(BUSINESS WIRE)--Regulatory News:
Proact IT Group AB (STO:PACT) has through Proact Estonia AS signed a contract to acquire a business line from Elion Ettevõtted AS containing IT infrastructure solutions from Oracle, Hitachi Data systems, Quantum and Symantec.
“Due to that IT infrastructure business becomes more and more service centered, the need for more integration of different services and vendors in a narrow market drives the need for consolidation. To meet the customers demand for services with high quality, agility and to create critical mass, both Proact and Elion recognize the need to align the IT infrastructure business in Estonia.” says Tarmo Kärsna, Head of B2B segment within Elion Ettevõtted AS.
Proact cover all main business verticals and has many long term customers among private companies and government institutions using its IT services. After the transaction Elion becomes one of the biggest Proact customers in Estonia.
“The acquisition of Elion IT infrastructure business line will strengthen Proact’s position in Estonia. As the business volume will increase we foresee even more efficiency within our service lines Support Services, Professional Services and Managed Services,” concludes Arne Kungberg, Business Unit Director East, Proact.
“Under these circumstances, a consolidation process in the IT infrastructure solution sales marketplace is only natural. The competence needed in core platforms is growing, as well as skills in managing increasing amount of data. Strengthening the company this way is beneficial for our customers and provides confidence in long term sustainability of solutions and services,” says Karel Kannel, CEO of Proact Estonia.
As of first of November, Proact will control the merged operations delivering IT infrastructure and services to Elion customers associated with the transfer of business.
The assets correspond to 1.7 M euro revenue and number of employees will increase to 16. Proact will pay for contracts and staff transferred from Elion. The payment will be set off by the future liabilities in the contracts transferred.
Proact is Europe’s leading independent integrator in the fields of data storage and cloud solutions. Proact supplies business benefits by helping companies and authorities over the world to reduce risk and costs, and above all, to supply flexible, accessible and secure IT services.
Proact solutions cover all elements of data storage, including virtualisation, network functions and security, and the company has more than 3 500 successful projects behind it, along with vast information volumes which are managed at the Proact data centre.
The Proact Group has more than 640 employees and conducts business in Belgium, Denmark, Estonia, Finland, Latvia, Lithuania, the Netherlands, Norway, Slovakia, Spain, the United Kingdom, Sweden and the Czech Republic. Proact was founded in 1994. Proact IT Group AB (publ), its Parent Company, has been listed on the Nasdaq OMX Stockholm since 1999 under the symbol PACT.
For further information about Proact’s activities please visit us at www.proact.eu
This information was brought to you by Cision http://news.cision.com