As all the closing conditions are met, including approval by the Norwegian and Finnish authorities, the closing of the transaction was successfully completed today.
Following the completion of the transaction, a delisting of Ørn from the Euronext Growth stock exchange is initiated. The change of ownership will not affect Ørn’s customers or employees.
"Joining forces with EG is a monumental milestone for our company. We are confident that the strong joint entity represents huge opportunities for both our customers and employees. Our goal has always been to become a leader in the Nordic region, and as a part of EG we believe we are taking major steps to deliver on our strategy,” says Sten-Roger Karlsen, CEO Ørn.
EG is a market leading vendor of Nordic Vertical Software for private and public customers. EG's Software-as-a-Service offerings are developed by specialists with deep industry and domain knowledge, supporting business-critical and administrative processes. EG employs 1,700+ people primarily in the Nordics and in 2021, Group revenue was DKK 1,755 billion.
"EG can support the Ørn Software management team to continue their acquisition journey and help them to further integrate the companies they have already acquired. I am happy that we can now start onboarding the employees and I look forward to joining forces with them and the great products and customer relationships they bring," says Mikkel Bardram, CEO EG.
You can read more about EG at global.eg.dk/about-eg/