Danish TRAEN acquired by Swedish Formpipe

  7 May 2012 it was announced that Formpipe, ugg bailey bling uk a listed Swedish company, cheap jordans uk for sale signed a binding agreement with DKA Capital to acquire TRAEN, ugg boots for cheap a Danish IT businesses developing and implementing digitalisation solutions for the public sector According to the firms’ announcement, new balance 580 the transaction makes Formpipe a leading Nordic player in the Enterprise Content Management (ECM) segment. womens air jordan Formpipe plans to use TRAEN’s expertise and standard systems in a major Nordic expansion drive, while also growing its position in the Danish market. Air Jordan 12 Baskets Founded in 1998, cheap adidas TRAEN provides digital solutions to more than 20 Danish ministries and government agencies as well as 40 municipalities and regional authorities. buty nike TRAEN’s solutions are used by about 50,000 employees in the public sector and by 500,000 citizens and businesses using digital self-service and are also used to process around DKK 20 billion in public grants annually. nike soldes running The parties have agreed on a price for TRAEN of DKK 252 million, ugg boots sale reflecting an EBITDA in 2011 of DKK 38.7 million. The selling price gives DKA Capital about a 5x return on investment over a period of a little more than three years since acquiring TRAEN in early 2009.

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