ABGSC acted as exclusive financial adviser to Data Respons ASA (“Data Respons”) in relation to its sale to Akka Technologies SE (“AKKA”)

On 16 March 2020, Data Respons announced that AKKA has received acceptances for 67,667,008 of shares in Data Respons, representing in total 92.26% of the share capital. Following successful completion of its mandatory offer, AKKA will complete a compulsory acquisition (squeeze out) of the remaining shares not owned by AKKA, and initiate a delisting process. Under the terms of the transaction, AKKA paid NOK 48.00 per share to Data Respons’ shareholders.
Following completion of the transaction, AKKA will significantly increase its competitive position by offering Europe’s largest and most comprehensive digital solutions portfolio for the fast-growing mobility market.
ABG Sundal Collier acted as exclusive financial advisor to Data Respons in the transaction.