Hawk Infinity Software AS – Agreements on Acquisitions

14 Oct 2024 16:57 CEST

Hawk Infinity Software AS (“HIS”) has entered into agreements for the
acquisition of 100% of Bazoom Group Aps (“Bazoom”) and Infosoft AS (“Infosoft”).

Bazoom is a digital platform provider of search engine optimization and online
advertising software. Based in Denmark, the company has built up a leading
position among end-customers, advertising agencies and affiliates within its
domain with established partnerships with an extensive and growing network of
media partners.

Based in Oslo, Norway, Infosoft has leveraged extensive media industry
experience to develop the subscription management software INFO-Subscription.
INFO-Subscription is a market leading platform for handling high-volume, complex
revenue models like subscriptions and rentals.

Bazoom and Infosoft have combined LTM pro forma EBITDA of NOK 77m as of
September 2024, with strong underlying year-over-year growth on top line and
bottom line. The acquisitions are closed at an upfront enterprise value of NOK
477m. A limited additional contingent consideration will be granted if certain
relatively ambitious free cash flow growth targets are met over the coming
years.

The acquisitions will be funded by available liquidity, release from the escrow
account and an equity issue in HIS towards Hawk Infinity AS.

For further information please contact:

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

Lars Fredrik Revling
Chief Financial Officer
Tel: +47 412 22 772
E-mail: lr@hawk.no

More information:
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