Vitec Software Group AB (publ) (OM:VIT B) agreed to acquire an unknown majority stake in Taxiteknik Nordic Ab on July 9, 2024. Vitec is set to acquire a majority stake, while the founders will continue to be operational in the company as minority shareholders. Over the next few years, Vitec will increase its ownership and is expected to hold 100% by 2027.

Payment will be in cash. The acquisition is expected to yield an immediate increase in earnings per share for Vitec. Before closing, the acquisition needs approval from the Inspectorate of Strategic Products under the Screening of Foreign Direct Investments Act.

Taxiteknik has an annual revenue of just over SEK 20 million.