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M&A & Private Equity / 6 Sep 2018

Borenius advised Gofore Oyj on its acquisition of Solinor Oy

We advised Gofore Oyj on its acquisition of the entire share capital of Solinor Oy, a specialist in digital solutions.

Gofore is known as a prominent and capable supplier in the Finnish public and private sector – and increasingly on an international scale. Its services span the entire value chain from management consultation to service design and implementation as well as cloud services. Solinor’s expertise in modern software development particularly strengthens its competence in constructing digital services.

The purchase price consists of the debt-free price of the business operations at EUR 4.0 million and the compensation of approximately EUR 716,000 to be paid from the net cash. EUR 1.4 million of the purchase price is paid by means of a directed share issue of 159,830 Gofore shares to the sellers while the remaining purchase price is paid in cash.

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