Hawk Infinity Software AS completed acquisition and equity issue

17 Jul 2024 10:35 CEST

Hawk Infinity Software AS (“HIS”) has on July 17th completed the acquisition of
80% of Comby A/S (“Comby”).

Comby is a leading managed services provider in Greenland and has also
operations in Denmark. Comby is providing tailored IT-outsourcing solutions for
both public and private customers with a particularly strong position within the
public sector in Greenland.

The company have LTM pro forma EBITDA of NOK 49m as of June 2024 at the current
exchange rate. The acquisition is closed at an upfront enterprise value of NOK
294m (100% basis). Additional contingent consideration will be granted if
certain growth targets are met.

The acquisition is funded by available liquidity, release of remaining escrow
amount and an equity issue in HIS towards Hawk Infinity AS of NOK 55m.


For further information please contact:

Joakim Stavnes Karlsen
Chief Executive Officer
Tel: +47 483 88 583
E-mail: jk@hawk.no

Ingebrikt Bjørkhaug
Chief Financial Officer
Tel: +47 414 09 442
E-mail: ib@hawk.no

More information:
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