Evry interested in growth via acquisitions, eyeing Volvo IT
Evry, the Norwegian IT company, is interested in Volvo IT, according to Dagens Industri.
The Swedish business daily cited Evry's new CEO, Bjorn Ivroth, who said that the Norwegian company wished to take the role as market leader in the Nordic region and especially wishes to grow in Sweden where the company is currently the fourth largest player.
Ivroth said that Evry wishes to grow organically but also via smaller and larger acquisitions. He was unsure about Evry's spending capacity as yet but pointed out that the company's new PE owner Apax can help if the right opportunity comes along.
Ivroth also commented that Evry is very interested in the Swedish truck manufacturer Volvo's IT operations if they come up for sale, either the entire unit or parts of it.
The item noted that Apax offered NOK 4.3bn (EUR 496m) for Evry in December and the international PE firm has recently made a mandatory offer for the last remaining shares. The paper wrote that Evry reported 2014 sales of NOK 13bn (EUR 1.5bn).
Source Dagens Industri