Weingarten (Germany)/Oslo (Norway), August 25, 2014

Technology management company CHG-MERIDIAN AG, headquartered in Weingarten, southern Germany, is continuing with its international expansion by acquiring the Oslo, Norway-based ACENTO Group. By acquiring a 100-percent stake in the group, CHG-MERIDIAN will gain direct market access to four Nordic countries at a single stroke. "This purchase is a well-timed step forward in our international expansion strategy," said the Chief Executive Officer of CHG-MERIDIAN AG, Jürgen Mossakowski. "The Nordic market has huge potential for us. We will unlock further impetus for growth by gaining customers that operate globally and by supporting customers from our branches in Northern Europe in the future."

CHG-MERIDIAN offers customized business concepts for the efficient management of investments in technology. It is a non-captive company that provides independent finance and technology advice and minimizes the workload of its customers at every stage of the technology lifecycle, particularly in the IT, telecommunications, industrial, and medical equipment sectors. CHG-MERIDIAN manages technology investments with a total value of more than EUR3.5 billion for over 8,000 customers. Headquartered in Weingarten, southern Germany, the company has 34 sites in 19 countries.

ACENTO reported revenue for 2013 of around EUR70 million and has generated continuous growth for more than ten years. It is one of the major providers of finance and services in the IT, industrial, and medical equipment sectors in Northern Europe. The company manages technology investments with a total value of more than EUR167 million for its customers. ACENTO has branches in Norway, Finland, Denmark, and Sweden, which creates a strategically important sales and marketing network.

www.chg-meridian.com
www.acento.no