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The Norwegian basefarm shooting company is sold to the French telecommunications company Orange for 350 million euros, or 3.3 billion euros
– Price correct
Grethe Helene Viksaas ( 60) awards more than NOK 100 million She shares with her entrepreneur colleague Anders Olav Ellefsrud a 1.3% ownership share
– We think it's a real price and she is satisfied with the new owner, says Viksaas.
– The sale has been in the cards all along. Abry has been a homeowner for six years and has essentially three to seven years of ownership in his property. "
This is the acquisition company Abry Partners, which bought the Norwegian IT company for 2012 for NOK 700 million, which initiated the sale.Today, Abry gets about 2, NOK 35 billion for its 71% stake in Basefarm, while other employees and managers share more than NOK 100 million.
- French telecommunications company with 152,000 employees worldwide and 273 million customers
- Shot in 2017 for 41.1 billion euros, or 390 billion crowns
- Long history in France Propels business today in 28 countries, mainly in Europe and French-speaking Africa.
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Good records solutions
Basefarm develops online cloud and card solutions and operates in Norway, Sweden, the Netherlands, Austria and Germany. The company was established in 2000 and has since grown steadily in both business and size.
The company has about 550 employees, which means that the total price of 3.3 billion has fallen to about six million per employee.
attractive with strong expertise and good systems, for individuals and businesses.
– We are good at automating operating solutions and hybrid solutions. We also have a lot of experience to help customers solve solutions and find the right balance between the cloud and the central solutions, "says Viksaas
– with the acquisition of The Unbelievable Machine Company in Germany and Austria last year,
Ravin Mehta and Benno Wiedfeld in the German acquired company, collectively collect nearly 700 million dollars for their stakes in Basefarm.
- Norwegian IT company started in 2000 with its head office in Oslo
- 550 employees and traded nearly 870 million dollars through the intermediary of Basefarm Holding in 2017.
- Operates business in Norway, Sweden, the Netherlands, Austria and Germany.
- Specialists in big data and solutions. Show more
Name and Management of Container
Viksaas says Basefarm should be composed of name and company
– The plan is to keep the name and management of Basefarm with the employees. The most important thing was to continue with an owner who has ambitions equal to ours, and he has Orange.
Viksaas says that it is not expected to reduce as a result of the acquisition:
– There are market synergies the synergies of economies that are the why Orange buys. We will not cut because of that, she says.
On the question of whether the president himself will continue in the company, Viksaas is uncertain.
– I myself went down to the operational front and we did not spend any time talking about my role in the future, she said.
Less than last year
Basefarm Holding achieved a turnover of more than 868 million NOK last year, with a loss of 54 million before tax. The operation of the company is doing well, while the result is also charged with significant borrowing costs for internal loans – which is common in companies that have been acquired by acquisition funds.
– The underlying activities of Basefarm are very profitable, especially in Norway, says Viksaas
The accounts of last year show that the group had equity at the end of 2017 of 367 million. This corresponds to 11% of the purchase price of Orange
Basefarm Holding had NOK 1.7 billion of assets at the end of the year (Terms) [19659034] Basefarm Holding, earnings for the year 2017 (in MNOK)
| Basic Farm, 2017 Full Year Earnings (in MNOK) | 2017 | 2016 [19659036] Receipts | |
| Receipts | 559.7 | 486.6 | 15 % |
| Operational result (Ebit) | 34.4 | 28.6 | 20.3% |
| Profit before tax | 9.7 | 6.9 | 40 , 6% |
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