The Channel logo


By | Christopher Williams 22nd March 2006 14:24

Sage mounts Viking invasion

From Newcastle to Norway

Sage plans to buy its way into the Scandinavian market with the £334m acquisition of Oslo-based Visma.

Visma is the largest Scandinavian vendor of business management solutions for SMBs. Its revenues last year were £166m at a profit of £22m, and assets were estimated at £197m.

Sage will offer 125 Norwegian Krona per share, a 19 per cent premium on the average price over the last twenty days trading. One pound gets you about 11 and a half Kroner these days.

If it goes through, the deal will be the second acquisition in 2006 for shopaholic Sage after January's £184m purchase of US firm Verus Financial Management.®

alert Send corrections


Frank Jennings

What do you do? Use manual typwriters or live in a Scottish croft? Our man advises
A rusty petrol pump at an abandoned gas station. Pic by Silvia B. Jakiello via shutterstock

Trevor Pott

Among other things, Active Directory needs an overhaul
Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella


Suit-and-tie-wearing man tries to meditate, take deep breaths in faux yoga pose. Photo by Shutterstock
Emotional intelligence, not tech skills, is the way to woo suits
League of gentlemen poster - Tubbs and Edward at the local shop. Copyright BBC
One reselling man tells his tale of woe