Onni Bidco Oy Completes Regulatory Process for Innofactor Offer

Onni Bidco Oy Receives Approval for Innofactor Share Tender Offer

Onni Bidco Oy has recently secured all necessary regulatory approvals for its voluntary recommended public cash tender offer aimed at acquiring all shares of Innofactor Plc. This significant development comes as part of a strategic effort to enhance the value and potential of Innofactor, a leader in digital solutions. The deal reflects not only the confidence the consortium has in Innofactor's capabilities but also their commitment to fortifying digital initiatives across various sectors.

Background on the Tender Offer

The voluntary recommended public cash tender offer was initially announced on the 22nd of July, with a defined structure being formed through a consortium. This consortium includes CapMan Growth Equity Fund III Ky, led by CapMan Group, along with Sami Ensio, the founder and CEO of Innofactor, and co-investor Osprey Capital Oy. The consortium is focused on enhancing the operational capabilities and market position of Innofactor, which serves nearly 1,000 clients across public and commercial sectors.

The tender offer document for the share acquisition was published by the Offeror on August 2. The offer period launched on August 5 and is expected to conclude on a date indicated in the terms and conditions. Upon completion, the Offeror aims to achieve acceptance from shareholders representing over 90 percent of the shares, allowing for compulsory redemption proceedings, a crucial step outlined under Finnish law.

Regulatory Compliance Achieved

The Finnish Competition and Consumer Authority has granted a merger control clearance regarding this tender offer, marking an essential milestone for the Offeror. Consequently, all necessary regulatory approvals have been successfully obtained, fulfilling a key condition for proceeding with the acquisition of shares. These developments underline the Offeror's strategic alignment with regulatory frameworks while enhancing the competitive position of Innofactor.

Despite this significant progress, the Offeror must still meet certain conditions, particularly regarding shareholder acceptance. The announcement of the preliminary results of the tender offer is expected shortly, followed by the final announcement, which will clarify the next steps in the acquisition process.

What the Future Holds for Innofactor

In the case of successful completion of the tender offer, shareholders who have accepted the offer will receive the agreed-upon cash payment. This is viewed positively as a step towards increased growth and innovation for Innofactor, a company renowned for its technology solutions and expertise in the Microsoft ecosystem.

Innofactor specializes in delivering business-critical IT solutions, including comprehensive project delivery, implementation support, and maintenance services. With a reputation built upon extensive service offerings in the Nordic region, Innofactor has employed nearly 600 professionals dedicated to advancing digital transformation for its clients. This tender offer represents a shift towards a unified strategic direction, enhancing the company's capabilities and market reach.

How to Get in Touch

For any inquiries regarding this tender offer and related matters, interested parties can reach out to the following contacts at Innofactor:

Iida Suominen, Email: ir@innofactor.com, Phone: +358 40 716 7173

Lasse Lautsuo, Email: ir@innofactor.com, Phone: +358 50 480 1597

For media-related questions, please contact:

Media Contact: press.contact@miltton.com, Phone: +358 45 788 51840

Frequently Asked Questions

What is the purpose of the tender offer by Onni Bidco Oy?

The tender offer aims to acquire shares in Innofactor Plc to enhance its market position and operational capabilities in digital solutions.

Who is part of the consortium behind this offer?

The consortium includes CapMan Growth, Sami Ensio from Innofactor, and Osprey Capital, focused on the strategic development of the company.

What are the next steps in the tender offer process?

The Offeror will announce preliminary results soon, with the final results expected to clarify the acquisition's outcome and future actions.

How will shareholders be compensated?

Shareholders who validly accept the tender offer will receive a cash payment as specified in the terms of the offer, ensuring they are rewarded for their participation.

What makes Innofactor a leading player in its sector?

Innofactor stands out due to its extensive range of IT solutions and services coupled with deep expertise within the Microsoft ecosystem, catering to diverse client needs.

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