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INTOI sells Nocom Drift to QD System AB
Nocom Drift AB became part of the INTOI Group through the acquisition of Bizit AB in 1999. Nocom Drift AB provides high quality operating solutions in an environment that meets the most stringent security standards. Its range of services includes server operation, maintenance and monitoring of IT systems. Compared to much larger competitors, Nocom Drift has fared well thanks to its in-depth expertise in advanced operating applications. The company has a state-of-the-art hosting facility and a strong base of customers, like the County of Stockholm, that place rigorous security requirements. Nocom Drift has annual revenue of around SEK 12 million.
The sale will provide the Group with cash proceeds but is not expected to generate any capital gain. The transaction is expected to be completed on 1 October 2008 and will be reported in the fourth quarter of 2008.
“As owner, QD System AB will be able to put together a powerful offering with its successful sales organisation and supplementary services and expertise. This will provide major opportunities for Nocom Drift AB and security for its customers and employees,” says Stefan Skarin, CEO of INTOI.
“Nocom Drift AB’s extensive resources will be necessary for us to expand our IT operation/hosting business as planned. In addition, Nocom Drift AB’s employees include some of the top talent and the company has a stable and interesting customer base. Together we are one of Sweden’s largest providers of IT operation services,” says Mats Ottosson, President of QD System AB
“We have now laid the foundation for the upcoming expansion phase and the pursuit of new and bigger trasactions. The next step is to clarify our profile in the market so that we can further grow our business organically and possibly also through minor acquisitions,” says Gilbert Lövenstad, Chairman and majority owner of QD.
For additional information contact:
Stefan Skarin President and CEO of INTOI AB (publ)
mobile: +46 708-65 10 05
Mats Ottosson President of QD
Mobile: +46 709-48 62 01
Gilbert Lövenstad Chairman and majority owner of QD
Mobile: +46 708-74 70 30
INTOI AB (publ) is an IT group that was founded in 1985 and listed on the stock exchange in 1999. The Intoi share is traded on the Small Cap list of the OMX Nordic Exchange Stockholm. Intoi’s mission is based on the acquisition, active ownership and divestment of IT companies. Business is conducted in subsidiaries operating under their own names and business concepts – Deltaco, IAR Systems, Northern, Nocom Software and Nocom Drift. Read more at www.intoi.se
About QD System AB
QD is part of the Office IT-Partner chain and a leading player in the Swedish IT industry. QD has offices in Stockholm, Uppsala, Linköping and Norrköping, annual revenue of approximately SEK 200 million and following the acquisition around 80 employees, the majority based in Stockholm. The company’s focus is on solutions and services in specialist consulting and IT systems, operation/hosting, content management and logistics related to IT products. The company is quality-certified and AAA-ranked (www.qd.se).Office IT-Partner is one of Sweden’s leading providers of IT services with local ownership and central strength, www.officeitpartner.se