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Northern Parklife AB was divested to the management team in Northern Parklife AB in April 2011.
Northern Parklife AB was divested to the management team in Northern Parklife AB in April 2011. The company retains the possibility of future dividend and value growth in Northern.
Management acquired Northern Parklife AB for an initial cash consideration of SEK 7 million, which is regulated by SEK 1.4 million cash immediately and the remainder via a quarterly amortization over five years. In addition, the buyer will pay an additional payment based on 80% of Northern's future dividends, and 80% of the value of any future disposals (minus the initial purchase price). The effect on Intoi based on the initial purchase price amounts to minus SEK 45 million and is charged in the first quarter of 2011.
Northern offers software for storage resource management. Its software saves disk space, time and resources for more than 1000 customers in over 35 countries, including IKEA, the U.S. Navy, Boeing and Nike.