Swiss technology firm Softwareone expects to close its acquisition of Crayon Group in June, earlier than its previous guidance for a closure in the third quarter, it said on Wednesday.
Swiss technology firm SoftwareOne Holding on Thursday announced a deal to acquire Crayon Group Holding , with an offer valuing its Norwegian rival at 172.50 Norwegian crowns ($15.20) per share, representing a 36% premium.
Swiss technology firm SoftwareOne Holding , which is currently in talks to sell itself, is nearing a deal to acquire Norwegian rival Crayon Group Holding , Bloomberg News reported on Thursday.
SoftwareOne Holding sales increased during its third quarter by 1.4%, the company said on Wednesday, adding that discussions about taking it private were progressing but were "challenging".
SoftwareOne on Thursday said it appointed Raphael Erb as CEO from Nov. 1 as the Swiss company slashed its full-year revenue growth forecast on a weaker-than-expected third quarter.
Swiss technology firm SoftwareOne Holding is exploring a potential merger with smaller Norwegian competitor Crayon Group Holding , Bloomberg News reported on Friday, citing people familiar with the matter.
SoftwareOne is committed to resolving the takeover approaches for the Swiss company "in a timely manner" Chief Executive Brian Duffy said on Wednesday.
SoftwareOne on Wednesday said discussions with potential buyers were ongoing as the Swiss software services company reported a slowdown in revenue growth and adjusted its full-year guidance downwards.