Vitec Software Group AB (publ) (OM:VIT B) acquired Vabi Holding B.V. on September 10, 2021. Payment will be in cash. Vabi Holding reported sales of €6.8 million and EBITDA of €4.25 million for the 2020 financial year. The acquisition is expected to yield an immediate increase in earnings per share for Vitec. Consolidation will commence as of the acquisition date. Frederik van der Schoot of Oaklins N.V. acted as financial advisor for shareholders of Vabi. Jan Andringa, Michiel D’haene, Shailesh Lachman, Francijn de Rotte, Jesse Trommel, Evelien Zoetelief and Merel Zwankhuizen of HVG Law LLP acted as legal advisor to shareholders of Vabi Holding B.V. Vitec Software Group AB (publ) (OM:VIT B) completed the acquisition of Vabi Holding B.V. on September 10, 2021.