Finnish IT consultancy company Satama Interactive Oyj is acquiring Quartal Content Management Oy (QCM), the leading Finnish Microsoft partner focusing on public internet, intranet and CRM implementations.
Satama Interactive, Quartal Oy and the minority shareholders of QCM had signed an agreement by which Satama acquires 100% of QCM shares.
The total purchase price was valued at EUR5.7m. Satama pays the price by conveyance of some 1.9 million own shares and some EUR3.7m in cash.
At the same time, Quartal Oy would become a shareholder of Satama with a shareholding of 4.47%.
QCM has some 60 employees and annual net sales of some EUR4.1m in 2005.
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