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Vitec Software Group AB (publ)

Vitec Software Group AB (publ)

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About the company

Vitec Software Group AB (publ) is a Sweden-based company that produces software products. The Company's offer consists of software solutions, consulting services and support services. The Company operates through six business areas. The Brokerage area offers software for real estate brokers. The Real Estate area offers software for property managers. The Media area offers the Balance business system, which supports the administrative processes of the Company’s customers’ companies. The Energy area provides software for forecasting of electricity, heat and wind power; technical management and maintenance of the distribution networks. The Capitex area offers software for banks and insurance companies. The 3L System area offers software for construction, real estate and yellow pages companies. The Company's subsidiaries include Futursoft OY, AutoData Norge AS, Tietomitta OY, Aloc A/S, Norwegian Fox Publish AS, Norwegian Insurance Computer Environment AS (Nice AS) and MV-Nordic A/S.

  • Revenue in SEK (TTM)1.82bn
  • Net income in SEK232.70m
  • Incorporated1985
  • Employees1.11k
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
VIT B:STO since
announced
Transaction
value
Oy Raisoft LtdDeal completed05 Oct 202205 Oct 2022Deal completed16.92%--
ABS Laundry Business Solutions BVDeal completed06 Jul 202206 Jul 2022Deal completed-5.62%102.66m
Scanrate Financial Systems A/SAnnounced17 Jun 202217 Jun 2022Announced-11.78%--
Hotellix Systems OyDeal completed04 May 202204 May 2022Deal completed-16.29%--
DocuBizz ApSDeal completed21 Jan 202221 Jan 2022Deal completed-5.55%--
Data delayed at least 15 minutes, as of Dec 02 2022 17:00 GMT.
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