24SevenOffice Group AB: Closing Conditions Satisfied for completion of Agreement on Sale of Certain Subsidiaries and Assets

Reference is made to the press release issued by 24SevenOffice Group AB (the "Company" or "24SevenOffice") on 12 November 2024 announcing that the Company had entered into a definitive agreement (the "Purchase Agreement") with Abacus Bidco Oy (the "Purchaser"), the holding company of Accountor Software, which is majority owned by funds managed by KKR, a leading global investment firm, for the sale of certain subsidiaries and assets (the "Target Business") of 24SevenOffice (the "Transaction").

Pursuant to the terms of the Purchase Agreement, the Transaction will be fully settled in cash and completed upon the receipt of necessary clearances or approvals from the relevant competition authorities, approval by the Company's shareholders and the completion of necessary separation steps completion (the "Closing Conditions").

All Closing Conditions have been satisfied as of 17 December 2024 and the completion of the Transaction is contemplated to take place 30 December 2024.

For further information please contact:

Eirik Aalvik Stranden, CEO

Tel: +47 247 00 030, eas@24sevenoffice.com

Ståle Risa, Chairman

Tel: +47 247 00 000, str@24sevenoffice.com
 

Certified Adviser
The Certified Adviser to 24SevenOffie on Nasdaq First North Growth Market is Partner Fondkommission.
Address: Lilla Nygatan 2, 411 09 Gothenburg
Telephone: +46 (0)31-761 22 30
Website: partnerfk.com

24SevenOffice in brief
At 24SevenOffice, we are passionate about delivering modular and flow-focused business systems tailored to meet the unique needs of companies of all sizes.

We understand that businesses require flexibility and scalability, which is why we provide a module-based solution that enables you to create the perfect workflow, adapting to your evolving requirements.