Agidon A/S becomes part of ECIT – Increase of share capital in ECIT AS. Company announcement No. 122

ECIT AS hereby announce that Agidon A/S, a Danish Consulting and digitalization company, has become a part of ECIT.

- The acquisition strengthens ECIT competence and customer deliveries within digitalization, and is a good addition to our consulting division. With Agidon, we get a strong footprint within fashion and production industry, and a further presence in western Denmark. We are pleased to welcome customers and employees of Agidon to ECIT, says Peter Lauring, CEO in ECIT.

ECIT is acquiring 69.995 % of the shares in Agidon, with an option to acquire all remaining shares in the company. The acquisition has been settled partly through cash, and partly by issuing new shares in ECIT AS.

About Agidon A/S

Agidon A/S, located in Aalborg, Denmark, provides expertise within digitalization and consulting services. Agidon A/S’ focus is Microsoft Business Central and Lessor, with specialized competence in fashion and production industries. Agidon A/S has 22 employees and a revenue of 27.6 MDKK for the fiscal year ending 30.04.2022. Read more on   

About ECIT

Founded in 2013, ECIT supports a large customer base with accounting, payroll, and a broad range of IT services. ECIT has a proven model for acquisition and integration, ensuring proximity to customers and local entrepreneurship combined with the strength of a larger international group. ECIT has a proforma revenue (2021) of 2.6 billion NOK and +2,300 employees across 10 countries. M&A has been a key driver of the Company's growth and ECIT has completed more than 130 acquisitions since 2013.