Avail advised Solteq on the sale of Solteq’s ERP business based on Microsoft BC and LS Retail solutions to Azets

Avail advised Solteq Plc, listed in Nasdaq Helsinki, and its Danish and Swedish subsidiaries Solteq Denmark A/S and Aponsa Aktiebolag on the sale of Solteq’s ERP business based on Microsoft Dynamics 365 Business Central and LS Retail solutions to Azets, the international outsourcing, compliance, and advisory group backed by HgCapital.

The net debt-free purchase price of the business is a maximum of EUR 20 million, consisting of the fixed purchase price of EUR 15 million deducted by the net working capital of the business and the earn-out purchase price of a maximum of EUR 5 million. In 2022, the revenue (IFRS) of the transferring business was EUR 11.2 million and the operating profit was EUR 1.5 million.

https://www.solteq.com/en/investors/releases/inside-information-solteq-sells-its-erp-business-based-on-microsoft-bc-and-ls-retail-solutions-to-azets

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