Isonor IT AS becomes part of ECIT. Company announcement No. 76

ECIT is pleased to announce that the Norwegian ERP consultancy specialist Isonor IT AS
(Isonor) has become a part of ECIT. The acquisition strengthens ECIT`s position within
process industry solutions regarding retail, food, and construction and will support the
digital support capacity and competence within ECIT.

ECIT is acquiring 65 % of the shares in Isonor while management holds a 35 % ownership.
The acquisition has been settled in cash.

- Isonor`s competence and industry solutions will strengthen ECIT`s portfolio of industry
specific solutions and we are pleased to welcome Isonor’s customers and employees
to ECIT, says Peter Lauring, CEO in ECIT

About Isonor IT AS

Isonor is a Norwegian ERP consultancy company offering modern ERP systems for
business administration, and specialized industry solutions. Isonor is a Visma-partner, with
a revenue of 11.8 MNOK in 2021, and 6 employees. Read more on

About ECIT

ECIT was founded in 2013 and supports a large customer base with Accounting,
Payroll and a broad range of IT services and solutions. ECIT has a well-proven
model for acquisition and integration, ensuring proximity to customers and local
entrepreneurship combined with the strength of being a larger international
group. ECIT has a proforma revenue (2021) of 2.55 billion NOK and +2,200
employees across 10 countries. M&A has been a driver of the Company's growth and
ECIT has completed more than 125 acquisitions since 2013.

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