ALOC Bonnier A/S has purchased the Norwegian company, Insight Financial Systems
A/S. The purpose of this acquisition is to strengthen ALOC Bonnierâs position on the Norwegian market for financial software.
The employees of Insight Financial Systems will be employed in ALOC Bonnierâs
Norwegian office. All assets have been transferred from Insight Financial Systems toALOC Bonnier.
ALOC Bonnier holds a dominant market position for financial software in Denmark for banks, pension funds, insurance companies and other companies that work with trade, management and administration of securities.
Mikael Munck, CEO, ALOC Bonnier, "It is the first time that ALOC Bonnier buys a company outside of Denmark. Until now we have grown through local acquisitions and new client agreements. We have now reached a market position in Denmark, which has made us turn to the remaining Nordic countries in order to continue growing. With the acquisition of Insight Financial Systems and the take-over of their competent staff and interesting clients, we have gained a foothold on the Norwegian market."
ALOC Bonnier will take over clients, such as Norse Securities, Svenska Handelsbanken, Norsk Hydros Pensionskasse, Orkla Finans, Statens Pensionskasse and others.
Mikael Munck expects that ALOC Bonnier within a few years will achieve a market
position in Norway, similar to the one ALOC Bonnier holds in Denmark through
marketing and possibly further acquisitions.
ALOC Bonnier has offices in Denmark, Norway and Sweden. Head office is located in Odense. The continued growth will be achieved through additional acquisitions in the Nordic region, strategic alliances and through system deliveries to additional industries, including the energy sector.