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Company announcement No. 17/2021 netcompany Netcompany A / S CVR no 37 29 67 67 Grønningen 17 DK - 1270 København K phone : +45 70131440 info@netcompany.com www.netcompany.com 8 October 2021 Netcompany to acquire Intrasoft International S.A. Netcompany Group A / S ( " Netcompany " ) has today entered into an agreement with Intracom Technologies S.a. r.l. ( ( " Intracom Technologies " ) - ultimately owned by Intracom S.A. Holdings , listed on Athens Stock Exchange ) and certain management shareholders to acquire Intrasoft International S.A. ( " Intrasoft " ) , a leading European IT solutions and services group with strong international presence and expertise . Netcompany and Intracom Technologies as well as the management shareholders of Intrasoft have reached an agreement pursuant to which Netcompany will acquire the entire outstanding share capital in Intrasoft . The transaction value is EUR 235 million on a debt - free basis ( enterprise value ) . Closing of the transaction is expected to take place during Q4 2021 and is conditional upon certain separation activities . The financial impact of the acquisition for Netcompany in 2021 is subject to exact timing of closing of the transaction and will be communicated at completion . Netcompany is excited to welcome Intrasoft as an integral part of the Netcompany group , and as an important contributor to the continued future development of the Netcompany group into becoming the leader in Europe . André Rogaczewski , CEO of Netcompany , states : " We are facing an unprecedented and exciting time in Europe where all societies are now accelerating and understanding the value of digitalisation . By digitising Europe responsibly , we fundamentally change societies , businesses , and the way we live our lives for the better . By acquiring Intrasoft , we become better positioned and strengthened to play a vital role in helping European governments , businesses , and institutions in their efforts to take the full advantage of digitalisation . Intrasoft now becoming a part of Netcompany means that we together have more innovative platforms , more competences , and a wider presence throughout Europe . I am confident that we will play a prominent role in creating and shaping the necessary digital transition that Europe will have to go through in the coming decade " Alexandros Manos , CEO of Intrasoft , states : " Today marks an exciting new era for Intrasoft . We share Netcompany's vision , values and focus on delivering digital transformation that creates strong , sustainable societies , successful companies , and improved quality of life for all . I am certain that together we will become a leading supplier of future - proof digital transformation to the European market . I am looking forward to bringing value to all of our current , joint and new customers " Page 1 of 3