DM Data invests in Nordic region expansion  

2003.04.22
DM Data posts 2002 profits of DKK 148 million and enters a JV with Sweden's WM-Data

Danish IT company DM Data has published its annual accounts for 2002, which show pre-tax profits of DKK 148 million (USD 21.6 million), up DKK 55 million (USD 8 million) on the 2001 result. Part of the surplus has been invested in a JV with Sweden's WM-Data, with the two companies taking 50/50 ownership of the newly established Swedish company Nordic Computer Management (NCM). WM-Data has additionally acquired 10% of the shares in DM Data.

 

The agreement was approved earlier this year by the EU competition authorities and NCM has already received multi-million orders. According to the MD of DM Data the company wants to use its powerbase to achieve success in Sweden and eventually the whole of the Nordic region. DM Data, which employs 645 people, handles entire IT system operations for large companies. It is owned by Mærsk Data, Danske Bank and WM-Data. The news is reported by daily newspaper Jyllands-Posten.

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