Softline AG

EANS-News: Softline AG takes over the Norwegian IT service provider STOVER AS

Softline expands and strengthens both its international presence and its service expertise

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Mergers - Acquisitions - Takeovers

Subtitle: Softline expands and strengthens both its international presence and its service expertise

Leipzig, 15th December 2010 (euro adhoc) - Softline AG has taken over the profitable Norwegian IT service provider STOVER AS, a renowned specialist in identity management, security, virtualisation and Novell technologies with its head office in Oslo and a branch in Elverum. The company has thus increased its international profile in consultation services concerning IT infrastructure. The takeover is a further systematic step in the expansion strategy concluded in mid-2010 and introduced by Softline Solutions Netherlands B.V. in October.

Alongside the foundation of Softline Solutions Netherlands B.V. in October 2010 and Softline Solutions GmbH (which has been in operation since August 2010), the takeover of the Norwegian IT service provider STOVER AS has increased the service expertise of Softline AG in Leipzig. The current Management team remains.

Prof. Knut Löschke, chairman of Softline AG, explains "Since its foundation in 1997, STOVER has acquired a name for itself both in and outside of Norway as an IT specialist with particular skills in identity management and virtualisation as well as solutions on the basis of Novell technologies. In this respect, this takeover is a double win for the international expansion strategy of the Softline Group - and STOVER chief executive Geir Christensen even makes it a triple win".

Due to his many years of international management experience, Christensen is a distinguished expert in the European IT market and completely supports Softline AG's takeover: "This will not only put Softline at the forefront of our international expansion strategy - it will also strengthen our national profile in Norway. With our collective know-how as a virtualisation specialist with partners such as Microsoft, VMware, IBM and, above all, Novell in the area of network infrastructure, we will make a significant contribution to making Softline more internationally recognised as a brand".

About Softline AG The Softline group is a company with its head office in Leipzig and which is active all over Europe. The group consists of Softline AG, which acts as the holding company, and its 100% subsidiaries Softline Solutions GmbH, Softline Solutions Netherlands B.V., Stover AS and Prometheus GmbH. The Softline group is an economically stable, permanently growing European company which has developed into a recognised service provider in the information and communication technology (ICT) market. Since its foundation in 2001, the Prometheus GmbH has been one of the leading "service providers of service providers" for systems houses, hardware and software manufacturers, distributors and other ICT service providers. The Softline Solutions companies provide IT consulting, support and service for the highest of quality requirements. In doing so, information technology, business processes and communication are also addressed. Softline AG was founded in 1983 and has been listed since February 2000. You can find more information at www.softline-group.com.

end of announcement                               euro adhoc
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Further inquiry note:

Rita Löschke
Direktorin - Marketing & IR
Tel.: +49 (0) 341 240 51 103
E-Mail: rita.loeschke@softline-group.com

Branche: Software
ISIN: DE000A1CSBR6
WKN: A1CSBR
Börsen: Frankfurt / Open Market
München / M:access
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade

Original-Content von: Softline AG, übermittelt durch news aktuell

Weitere Meldungen: Softline AG

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