SoftwareOne completes Crayon acquisition on schedule

The combined entity, bringing in annual revenue of around CHF 1.6bn, will now enter an integration phase as outlined since the beginning of the year

Switzerland-based SoftwareOne has completed its acquisition of Norwegian solution provider Crayon, on track with its expected timeline, the companies announced today.

So far, SoftwareOne has acquired 82,200,948 Crayon shares, or around 91.77 per cent of the share capital and voting rights in Crayon. Following the close of the Euronext Oslo Børs yesterday, SoftwareOne carried out a compulsory acquisition of all remaining Crayon shares and assumed 100 per cent ownership of Crayon.

Today marks the first day of trading on the Euronext Oslo Børs for the combined entity.

The merger brings the group’s total annual revenue to around CHF 1.6bn and its workforce to roughly 13,000 employees.

“Today marks an important milestone as SoftwareOne and Crayon join forces, combining two leading global providers of software and cloud solutions,” said Raphael Erb, co-CEO of SoftwareOne.

“Together, we offer an unparalleled global presence with extensive local reach and an enhanced offering to deliver exceptional value for customers.

“Our shared commitment to customer success and innovation will offer new growth opportunities as our fast-growing industry continues to evolve in the era of AI.

“As we embark on this new chapter together, we are both excited and well-prepared for Day 1.”

“With our talented teams globally, in-depth expertise and capabilities, as well as deep hyperscaler partnerships, we will be excellently positioned to support customers on their digital transformation journeys,” added Melissa Mulholland, formerly the CEO of Crayon who has now taken on the role of co-CEO of SoftwareOne.

The executive team, led by Erb and Mullholland, was first outlined in an announcement in June.

“Today marks a unique moment to unlock opportunities and deliver significant value creation for all stakeholders.”

This kicks off the integration process outlined by the two companies since January.

The combined entity is set to issue its first set of results under new CFO Hanspeter Schraner on 28 August.

Read CRN’s key takeaways from the acquisition here.