June 2006
Financial and strategic advisor in the merger between Topnordic (DK) and Ementor (N)
ATRIUM acted as financial and strategic advisor to Topnordic – the third largest IT–infrastructure and equipment wholesaler in the Nordics in connection with the merger with the Norwegian listed company Ementor.
The purpose of the merger was to form the largest IT–infrastructure and equipment wholesaler in the Nordics based on Topnordic’s business model in every country covered by the merged entity. Further, the public listing and the broad shareholder base created a strong platform for further consolidation and growth through acquisitions in the Nordic IT-market.
The two companies were valued at a ratio of 1:1 whereby the majority shareholder in Topnordic, Consolidated Holding, acquired a majority stake in the merged entity.
The transaction was completed as a share swap where Ementor issued new shares to the Topnordic shareholders. The merged entity is still listed on the Oslo Stock Exchange.
"The solution created by ATRIUM matched Topnordic’s goal of becoming the leading IT-infrastructure partner in the Nordics. ATRIUM’s empathy and significant contribution were pivotal in creating a solution with great prospects for customers, employees, suppliers and shareholders"
Claus Hougesen, CEO, Topnordic
