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Announced

Completed

Total Specific Solutions completed the acquisition of Ping Pong.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Sweden

Completed

Cross Border

Acquisition

Majority

Venture Capital

educational solutions

Private

Friendly

Software

Single Bidder

Synopsis

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Total Specific Solutions, which develops business software solutions, completed the acquisition of Ping Pong, which offers educational solutions for schools, universities, public sector and companies, from Alfven & Didrikson Invest, a venture capital firm. Financial terms were not disclosed. “We are very excited to expand our presence in Sweden and have Ping Pong, a leading company in learning management systems join us. Continuous learning and sharing of best practices are high on the agenda of TSS. And now, we have a company within our group that has created a platform to enable knowledge sharing not only in the educational sector but also across enterprises and public organizations. Ping Pong has over 2,5 million accounts, which is very impressive. And I am looking forward to finding out more about their approach to customer and user engagement. It is a solid company, and TSS can provide the ownership to support the growth," Ramon Zanders, TSS Group CEO.

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