EDB ErgoGroup acquires Pragma companies for strong growth in Sørlandet

EDB ErgoGroup acquires Pragma companies for strong growth in Sørlandet

ID: 123851

(Thomson Reuters ONE) -


(Oslo, 12 March 2012) EDB ErgoGroup has agreed to buy the IT companies Pragma
Drift AS in Kristiansand and Pragma AS in Kristiansand and Drammen. The Pragma
companies have 47 employees in total, with turnover of around NOK 52 million for
2011. Through this acquisition, EDB ErgoGroup establishes a strong regional IT
delivery environment for southern Norway, with a base in Kristiansand.

"EDB ErgoGroup is committed to having a regional presence that gives it
closeness to its customers, while at the same time we want to strengthen our
role in prioritised segments on a Nordic-wide basis. This is a central element
of the group's strategy. Accordingly the acquisition of the Pragma companies is
an important step for us, and gives a good position in Norway's fifth-largest
city. Pragma has a team of highly skilled people, who are very well respected
both in Sørlandet and central Østlandet, and particularly in the media and
shipping sectors", explains Terje Mjøs, CEO of EDB ErgoGroup.

Putting EDB ErgoGroup on the map in southern Norway
The Pragma companies have a unique combination of regional knowledge, in-depth
industry expertise and technical IT skills, and represent a significant addition
to EDB ErgoGroup's core activities in their region. The acquisition of these two
companies will establish EDB ErgoGroup as the leading IT services supplier for
southern Norway. EDB ErgoGroup has a strong regional presence in a number of
major Norwegian locations, and the company operates from locations in 50 towns
and cities throughout the Nordic countries.

About the Pragma companies
EDB ErgoGroup has entered into an agreement to acquire 100% of the share capital
of Pragma Drift AS and Pragma AS, which together reported turnover for 2011 of
NOK 52 million. The sellers of the shares include Tor Åge Fjukstad, Sigbjørn
Tønnesland and Fædrelandsvennen AS. The management of the companies will




continue unchanged following the acquisition, and with 47 highly skilled
employees, this will provide a sound basis for further organic expansion in the
region.

Pragma Drift AS is an IT operating services company with offices in
Kristiansand. The company, which has 20 employees, delivers both standardised
and customised operating services solutions for local customers in the Agder
area, as well as a number of major customers in the media sector.

Pragma AS is a consulting and solutions company with offices in Kristiansand and
Drammen. The company has 27 employees in total. Pragma AS has a large number of
customers in both the private and public sector in the Agder area, and also has
a number of important customers in eastern Norway in the industry, media and
shipping sectors.

"Together with EDB ErgoGroup, we will be exceptionally well equipped for further
growth. We will be ready to take on new assignments, both complicated customised
solutions and highly efficient standardised operating solutions based on cloud
services", comments Kjetil Nyhus, CEO of Pragma Drift AS, who goes on to say:
"In order to deliver a comprehensive range of state-of-the-art IT operating
services, it is essential that you understand the customer's business and are
local to them. At the same time, customers can benefit from using a supplier
that also has a high volume of overall activity."

"Being part of EDB ErgoGroup's consulting business will open up additional
opportunities for Pragma, both in Kristiansand and Drammen. EDB ErgoGroup
operates Norway's largest IT consulting business with 1,400 employees. EDB
ErgoGroup's consultants specialise in many of the same technologies and
solutions areas as us, particularly in terms of portals and collaborative
working solutions, but they also have expertise in some areas that are new for
us such as ERP, Business Intelligence and IT-related business consulting. Our
customers will benefit from our ability to play a broader role as a genuinely
total supplier of IT for our customers in both Sørlandet and Østlandet", says
Lasse Buvarp, CEO of Pragma AS.

About EDB ErgoGroup
The merger of EDB Business Partner AS and ErgoGroup AS in autumn 2010 created an
IT company that is the largest in Norway and the third-largest in the Nordic
region, with almost 10,000 employees and turnover of almost NOK 13 billion. EDB
ErgoGroup is listed on the Oslo Stock Exchange, and is represented in 50 towns
and cities across the Nordic countries. In addition, the company has large
subsidiaries in the Ukraine and India. EDB ErgoGroup operates major business
units in the areas of Consulting, Solutions, Financial Services and IT
Operations.

For further information, please contact:
Eli Giske, CFO, EDB ErgoGroup. Tel: +47 908 44 18

Geir Remman, Senior Vice President Corporate Communications, EDB ErgoGroup. Tel:
+47 97055017







This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: EDB ErgoGroup ASA via Thomson Reuters ONE

[HUG#1593242]


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Datum: 12.03.2012 - 14:48 Uhr
Sprache: Deutsch
News-ID 123851
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