SmartCraft ASA (OB:SMCRT) acquired Coredination Ab from Folke Lundblad, Kent Malmström and Martin Insulander for SEK 25 million.
July 18, 2023
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SmartCraft ASA (OB:SMCRT) acquired Coredination Ab from Folke Lundblad, Kent Malmström and Martin Insulander for SEK 25 million on July 18, 2023. The transaction is based on an enterprise value of SEK 23.7 million. Folke Lundblad, Kent Malmström and Martin Insulander have undertaken to acquire shares in SmartCraft on the open market for a total amount of SEK 2.25 million, within six months of SmartCraft's acquisition of Coredination. The shares acquired by Folke Lundblad, Kent Malmström and Martin Insulander will be subject to a 12-month lock-up period after the completion of the share acquisition. Coedination reported the revenue of SEK 10 million for the year ended 2022.
SmartCraft ASA (OB:SMCRT) completed the acquisition of Coredination Ab from Folke Lundblad, Kent Malmström and Martin Insulander on July 18, 2023.
Smartcraft ASA is a Norway-based provider of software solutions and digital tools for craftsmen and the construction industry. The Company delivers Software as a Service (SaaS) solutions to help craftsmen and construction companies become more efficient and profitable as well as to simplify their businesses. Smartcraftâs solutions include cable dimensioning, project management for small and medium sized businesses, Quality and Safety as well as EL-VIS solutions, that offer tools and templates for electricians. The Company has several subsidiaries, including SmartCraft Sweden AB, Homerunbynet Oy, SmartCraft Norway AS and Kvalitetskontroll AS. Smartcraft ASA has 14 offices across Norway, Sweden and Finland.