EG closes acquisition of Ørn Software Holding AS
Copenhagen, 1 August 2022 - Today EG, a leading Nordic software company, announced the closing of the acquisition of the Norwegian company Ørn Software Holding AS.
As all closing conditions are met, including the approval by Norwegian and Finnish authorities, the offer was successfully completed on 1 August 2022.
"I am very satisfied that the shareholders and the authorities have given their approval and that we can now start the collaboration with Ørn Software’s employees and customers," says CEO Mikkel Bardram, EG.
For more information on closing, please refer to the stock exchange announcement regarding the closing
The Norwegian software company with 160 employees has operations across the Nordic countries, including Iceland. The company has a broad product portfolio of leading software-as-a-service (“SaaS”) offerings within Real Estate Management, Energy and Sustainability Management, Industrial Maintenance and Quality Control.
"EG can support the Ørn Software management team to continue their acquisition journey and help them to further integrate the companies they have already acquired. I look forward to joining forces with our new colleagues and to working with the great products and customer relationships they bring," says Mikkel Bardram, EG.
Following the completion of the transaction, EG will initiate the delisting of Ørn Software Holding AS from the Euronext Growth Oslo.
About Ørn Software
Ørn Software is a Nordic provider of SaaS solutions enabling efficient operations and maintenance across a wide range of asset-heavy industries, including real estate, manufacturing, food & beverages, and aquaculture.
The Company's software provides customers with improved insight through data-driven operations and contributes to increased efficiency and reduced costs through digitalization of facility management and rental processes, data-driven maintenance, scheduling of resources and energy optimization.
All the above contribute to the lengthening of property and equipment lifespan, a key component of Ørn Software's value proposition. Furthermore, the Company's offering enables customers to reduce their environmental footprint and provides digital tools to meet reporting and regulatory requirements.
EG is a vendor of Nordic Vertical Software for private and public customers. EG's Software-as-a-Service offerings are developed by specialists with deep industry and domain knowledge, supporting business-critical and administrative processes.
EG employs 1,700+ people primarily in the Nordics and in 2021, Group revenue was DKK 1.755 billion.
For further information
Mikkel Bardram, CEO, EG
Communication Manager Per Roholt, +45 2060 9736