Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Norway
  4. Oslo Bors
  5. Techstep ASA
  6. News
  7. Summary
    TECH   NO0003095309

TECHSTEP ASA

(TECH)
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Techstep streamlines its customer offering by divesting non-strategic business units

11/29/2021 | 01:01am EST
(Oslo, 29 November 2021) Techstep Norway AS and Techstep Sweden AB (fully owned
subsidiaries of Techstep ASA) has today entered into an agreement to divest its
Voice & Contact Center business units ("VCC") in Norway to Zisson AS ("Zisson")
and in Sweden to Soluno Communications AB ("Soluno") respectively, for a total
combined consideration of NOK 65.5 million, settled in cash (the "Transaction").

"This is part of the ongoing transformation of the company", said Børge Astrup,
Techstep CEO, "and a natural step on our journey towards becoming a leading
provider of Managed Mobility Services based on our own software. By streamlining
our product portfolio, we ensure a sharp focus and greater value for our
customers".

VCC recorded revenues of NOK 48 million in 2020 and NOK 45 million in the last
twelve months per September 2021. The Transaction is structured as an asset
purchase with customary closing conditions, including the parties entering into
transitional service agreements from the time of closing. Closing is expected in
January 2022. The estimated effect on net profit before tax and capital
divestment gain is NOK 40.5 million.

For more information please contact:

Børge Astrup, CEO: +47 928 27 676

Marius Drefvelin, CFO: +47 958 95 690

About Techstep ASA

Techstep is purpose-built to become a leading Managed Mobility Services
provider. Techstep provides a complete Managed Mobility Services-offering that
presents enterprises and their employees with access to efficient, secure, and
value-creating mobile work solutions - wherever and whenever they choose to
work. Customer benefits include reduced IT complexity and costs, improved
employee capabilities and engagement, as well as increased productivity and
sustainability. Techstep has more than 350 employees based in Norway, Sweden,
Denmark and Poland, serving more than 2,000 customers across different
industries and sectors. The company is listed on the Oslo Stock Exchange under
the ticker TECH. To learn more, please visit www.techstepasa.no.

This information is considered to include inside information pursuant to the EU
Market Abuse Regulation article 7 and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock
exchange announcement was published by Marius Drefvelin, CFO, Techstep ASA, on
29 November 2021 at 07:00 CET.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

All news about TECHSTEP ASA
01/12Techstep Appoints Zalaris Official as Chief Marketing Officer
MT
01/12Techstep ASA - Sheena Lim appointed Chief Marketing Officer
AQ
01/12Techstep ASA Appoints Sheena Lim as Chief Marketing Officer, Effective March 1, 2022
CI
01/06Techstep ASA - Primary insider notification
AQ
01/03Techstep Closes $7 Million Voice, Contact Center Operations Sale In Norway, Sweden
MT
01/03Completion of transaction to divest non-core business unit
AQ
2021DNB signs agreement for Techstep's own cloud-based mobility software solution
AQ
2021DNB Bank ASA Signs Agreement for Techstep's Own Cloud-Based Mobility Software Solution
CI
2021Techstep ASA - Anita Huun appointed Chief Financial Officer
AQ
2021Techstep ASA Announces Executive Changes
CI
More news
Financials
Sales 2020 1 143 M 128 M 128 M
Net income 2020 -24,7 M -2,77 M -2,77 M
Net Debt 2020 207 M 23,2 M 23,2 M
P/E ratio 2020 -38,0x
Yield 2020 -
Capitalization 755 M 84,9 M 84,4 M
EV / Sales 2019 0,52x
EV / Sales 2020 1,01x
Nbr of Employees 354
Free-Float 54,0%
Chart TECHSTEP ASA
Duration : Period :
Techstep ASA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TECHSTEP ASA
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Managers and Directors
Borge Astrup Chief Executive Officer
Ole Marius Drefvelin Chief Financial Officer
Jens Rugseth Chairman
Bartosz Leoszewski Chief Technology Officer
Fredrik Logenius Chief Operations Officer
Sector and Competitors
1st jan.Capi. (M$)
TECHSTEP ASA-1.37%85
MICROSOFT CORPORATION-11.78%2 224 395
SEA LIMITED-39.38%76 204
ATLASSIAN CORPORATION PLC-23.14%74 071
DASSAULT SYSTÈMES SE-19.30%62 725
SYNOPSYS INC.-21.69%44 276