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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Techstep ASA    TECH   NO0003095309

TECHSTEP ASA

(TECH)
  Report
Delayed Quote. Delayed Oslo Bors - 05/29 10:25:17 am
2.7 NOK   +3.85%
05/29TECHSTEP ASA : Notice of Annual General Meeting 2020
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05/07TECHSTEP ASA : Resultater Q1 2020
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05/07TECHSTEP ASA : Q1 2020 results
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Techstep : divests its IT Operations and Support unit to Crayon

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04/03/2020 | 04:01am EDT

Techstep Norway AS (a fully owned subsidiary of Techstep ASA) has entered into an agreement to transfer its IT Operations and Support business unit to Crayon AS for a total consideration of NOK 8 million. The transaction is structured as an asset purchase, effective from 1 April 2020. At the same time, Techstep has signed a 3-year agreement with Crayon for IT Operations and Support.

The IT Operations and Support unit has been a part of Techstep's solution segment with 8 employees in the Nordics. The business unit has provided network, server and computer support for Recover Nordic Group, and the divestment is a natural step in Techstep's strategy as a software and IP-led mobility enabler.

"We are transforming into a pure software and IP-driven mobility provider and we are aligning all our activities to bring our software and IP to the market. This transaction helps to sharpen our focus and prioritize our resources towards our goal of becoming the leading enabler of the mobile workplace in the Nordics." says Jens Haviken, CEO of Techstep ASA.

Further information from:

Jens Haviken, CEO, Techstep ASA: +47 930 90 070
Marius Drefvelin, CFO, Techstep ASA: +47 958 95 690

About Techstep ASA

Techstep is positioning itself as a leading Nordic enabler of the digital workplace. Techstep supplies hardware, software, connectivity and mobile device management bundled as a managed service. This enables enterprises and their employees to do their work across mobile devices and locations, with a high degree of security and operational stability. Techstep has 211 employees based in Norway and Sweden, serving close to 4,000 customers and 201,000 recurring revenue end-users across various industries in the private and public sectors. The company is listed on the Oslo Stock Exchange. For more information, see www.techstepasa.no

http://publish.ne.cision.com//Release/ViewReleaseHtml/3FA5D2E2949249CAE0C856B0705FC7D6

(c) 2020 Cision. All rights reserved., source Press Releases - English

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Latest news on TECHSTEP ASA
05/29TECHSTEP ASA : Notice of Annual General Meeting 2020
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05/07TECHSTEP ASA : Resultater Q1 2020
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04/03CRAYON : Crayon acquires IT Operations and Support unit from Techstep
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04/03TECHSTEP : divests its IT Operations and Support unit to Crayon
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Financials
Sales 2019 1 132 M 116 M 116 M
Net income 2019 -64,3 M -6,61 M -6,61 M
Net Debt 2019 40,2 M 4,13 M 4,13 M
P/E ratio 2019 -8,39x
Yield 2019 -
Capitalization 440 M 45,2 M 45,2 M
EV / Sales 2018 0,51x
EV / Sales 2019 0,52x
Nbr of Employees 212
Free-Float 24,2%
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Managers
NameTitle
Jens Haviken Chief Executive Officer
Jens Rugseth Chairman
Inge Paulsen Chief Operating Officer
Marius Drefvelin Chief Financial Officer
Ingrid Elvira Leisner Independent Director
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