Vitec expands its loan facility
Vitec Software Group AB (publ) expands its loan facility in Nordea and SEB with SEK 500 million to SEK 1,500 million.
“Through the loan facility, we secure capital that allows us to continue our long-term strategy to grow through acquisition of well-established vertical software companies,” says Lars Stenlund, CEO of Vitec Software Group.
For more information, please contact
Olle Backman, CFO, Vitec Software Group AB (publ), mobile +46 70 632 89 93
Patrik Fransson, Investor Relations, Vitec Software Group AB (publ), mobile +46 76 942 85 97
Vitec is market leader for Vertical Market Software in the Nordic region. We develop and deliver standard niche software. Vitec grows through acquisitions of well-managed and well-established software companies. The Group's overall processes together with the employees' in-depth knowledge of the customer's local market enables continuous improvement and innovation. Our 950 employees are based in Denmark, Finland, Norway and Sweden. Vitec is listed on Nasdaq Stockholm and had net sales of SEK 1,313 million in 2020. Find more at www.vitecsoftware.com.