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Announced

Completed

Vitec Software completed the acquisition of LJ System.

Financials

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

Tags

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Completed

Majority

Domestic

Private

church-related administration

Sweden

Friendly

Janitorial

cemetery administration

Single Bidder

Acquisition

Software

Synopsis

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Vitec Software Group, a provider of Vertical Market Software in the Nordic region, completed the acquisition of LJ System, the Swedish software company. Financial terms were not disclosed. "LJ Systems advanced but user-friendly products enable churches and preschools to provide their services efficiently. The well-established and profitable company is a good fit with our corporate culture. We acquire companies to retain them and today we are pleased to warmly welcome 14 new employees to the Group," Lars Stenlund, Vitec Software Group CEO.

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