SoftwareOne has completed the acquisition of Crayon and is now starting the merger of both companies.
SoftwareOne has completed the acquisition of IT software and consulting specialist Crayon. This officially initiates the merger process of the two companies. Since January this year, both companies have been preparing for the integration. The first trading day of the merged company will take place on the Euronext Oslo Børs.
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As a result of the acquisition, the combined organization has approximately 13,000 employees and a revenue of 1.6 billion Swiss francs. The company operates in more than 70 countries. According to SoftwareOne, the acquisition offers a broader customer base and a greater geographical reach. The companies expect this to enhance growth and shareholder value.
Joint Focus
Co-CEOs Raphael Erb and Melissa Mulholland emphasize that the merger gives both companies a greater reach and an expanded service offering. They point to the growth of the cloud market and the demand for support in digital transformation and artificial intelligence.
Microsoft responds positively to the acquisition. The technology company sees the merger as an opportunity to better support joint customers through existing collaborations. The emphasis is on broader expertise and greater reach.
In the coming months, it will become clear how the integration will take shape. Both companies emphasize that they are committed to a smooth transition and that customers and partners should benefit from this.