Company announcement No. 224

ECIT AS hereby announce that Frejs Konsulter AB has become a part of ECIT. 

- The acquisition strengthens ECIT's presence within F&A in Göteborg, Sweden. We
are pleased to welcome customers and employees of Frejs Konsulter to ECIT, says
Peter Lauring, CEO in ECIT.

ECIT is acquiring 100 % of the shares in Frejs Konsulter AB. The acquisition has
been settled in cash.


About Frejs Konsulter
From its office in Göteborg, Frejs Konsulter AB delivers Accounting and Payroll
services. Frejs Konsulter has 12 employees and a revenue of 17.3 MSEK for the
fiscal year ending 31.12.2022. Frejs Konsulter has been part of Frejs Group
which also delivers Audit and Tax services. Read more on https://frejs.se.	

For further information please contact 
Mads Skovgaard, Group CFO
mskovgaard@ecit.com 
+45 2780 4942
	

About ECIT
Founded in 2013, ECIT supports a large customer base with accounting, payroll,
and IT services. ECIT has a proven model for acquisitions, combining proximity
to customers, local entrepreneurship and the strength of a larger international
group. ECIT has a full-year proforma revenue of 3.5 billion NOK per Q3 2023 and
more than 2,500 employees across ten countries. M&A has been key to drive the
Company's growth as ECIT has completed more than 130 acquisitions since 2013.
Read more at www.ecit.com.

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