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M&A Deal Summary

Visma Acquires Creno AS

On November 28, 2014, Visma acquired financial services company Creno AS

Acquisition Highlights
  • This is Visma’s 1st transaction in the Financial Services sector.
  • This is Visma’s 4th transaction in Norway.

M&A Deal Summary
Date 2014-11-28
Target Creno AS
Sector Financial Services
Buyer(s) Visma
Deal Type Add-on Acquisition

Target

Creno AS

Trondheim, Norway
Creno AS is a complete supplier of services within debt collection, credit and invoicing. The company was founded in 1987 and is now one of Norway’s major debt collection agencies, with 50 employees and offices in Oslo and Trondheim.

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Buyer(S) 1

Buyer

Visma

Oslo, Norway
Category Company
Founded 1985
Sector Software
Revenue 5.1B NOK (2013)
DESCRIPTION

Visma offers software and services that simplify and digitize core business processes in the private and public sectors. Visma was founded in 1985 and is based in Oslo, Norway.

DEAL STATS #
Overall 20 of 89
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 19 of 82
Country: Norway M&A 4 of 12
Year: 2014 M&A 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-18 FMS Group

Riga, Latvia

FMS Group is a provider of ERP (Enterprise Resource Planning) and BI (Business Intelligence) software in Latvia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-11 Finale Systemer AS

Tromso, Norway

Finale Systemer AS is a supplier of systems for the accounting industry in Norway. Finale Systemer provides cloud-based solutions for year-end accounts production.

Buy -
Mergr

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