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M&A Deal Summary

EG A/S Acquires Hano AS

On June 2, 2020, EG A/S acquired information technology company Hano AS

Acquisition Highlights
  • This is EG A/S’s 2nd transaction in the Information Technology sector.
  • This is EG A/S’s 3rd transaction in Norway.

M&A Deal Summary
Date 2020-06-02
Target Hano AS
Sector Information Technology
Buyer(s) EG A/S
Deal Type Add-on Acquisition

Target

Hano AS

Billingstad, Norway
Hano AS is a supplier of web-based booking, journal and checkout systems for hairdressers as well as supplier to therapists, skincare providers, alternative therapists, sports, auto workshops, and retail. Hano was founded in 1998 by Erik Bjønnes and Leif Fage, has 20 employees, and head office in Asker near Oslo.

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Buyer(S) 1

Buyer

EG A/S

Herning, Denmark
Category Company
Founded 1977
Sector Information Technology
Employees910
Revenue 140M EUR (2013)
DESCRIPTION

EG A/S is an IT service company. EG supplies IT solutions and consultancy services for the Scandinavian market, primarily Denmark. The core of product portfolio is ERP solutions for selected industry verticals. EG offers standard MBS / SAP based ERP solutions, development of special IT solutions as well as management consultancy services. EG was founded in 1977 and is based in Herning, Denmark.

DEAL STATS #
Overall 5 of 6
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 6
Country: Norway M&A 3 of 4
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-18 Holte AS

Oslo, Norway

Holte AS is a provider of software, services and courses within disciplines such as HSE, quality assurance, building permit applications, estimation, third party control, management, operation and maintenance (MOM) and project management. Holte was established in 1987 and is based in Oslo, Norway.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-23 PatientSky

Oslo, Norway

PatientSky is a provider of EHR-solutions in Norway within primary care. The company develops patient-centric, cloud-based eHealth solutions that prioritize user experience and data security. PatientSky is based in Oslo.

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