Finnish IT group to acquire leading Danish web agency  

2002.07.30
TietoEnator expected to finalise the takeover of Danish web agency Araneum next month

Financial daily Børsen has reported that Finland based IT services group TietoEnator is well advanced in acquisition negotiations with Araneum, one of Denmark's leading web agencies. A letter of intent has already been formulated, and the takeover is expected to be finalised at the end of August. The acquisition deal is in line with TietoEnator's growth strategy and is seen as a step to further strengthen its position in the Danish market.

 

With 12,000 employees and annual net sales of € 1.1 billion, TietoEnator is a leading supplier of high value-added IT services in Europe. The Group has locations in Europe, the US and China. TietoEnator specialises in consulting, building and hosting its customers’ core business systems in the digital economy. Araneum's client portfolio includes Novo Nordisk, Navision and ISS.

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