Triton (via Trisall AB) Acquires HiQ International AB
October 22, 2020
Triton Fund V, through its acquisition vehicle Trisall AB, acquired a controlling stake in Stockholm-based digital transformation and custom software firm HiQ International AB via a public tender offer at SEK 72 per share and has initiated compulsory acquisition of remaining shares with plans to de-list HiQ from Nasdaq Stockholm. The transaction gives Triton ownership of approximately 91% of HiQ and is positioned as a platform acquisition to invest in HiQ's growth and expand its position as a Northern European leader in digital services.
- Buyers
- Triton Fund V, Trisall AB
- Targets
- HiQ International AB
- Sellers
- HiQ shareholders
- Industry
- IT Services
- Location
- Stockholm County, Sweden
- Transaction Type
- Buyout
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