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- The Management Acquires all shares in Meter2Cash
The Management Acquires all shares in Meter2Cash
The Management acquires all Shares in Meter2Cash AS
STOCKHOLM, SWEDEN, July 7, 2009 - The Management AB, today
announced it has acquired all shares in Meter2Cash AS, a Landis
& Gyr owned company, in an all cash transaction. The company is
providing software for the Energy/AMR market (metering- and
customer service solutions). The main key clients are within the
power and telecom sector
The terms of the agreement are confidential.
Mr. Anders Rudlang, CEO of Meter2Cash and Executive Partner of The
Management, will oversee the investment and continue to drive the
business to be one of the key-player in the Nordic market.
"I'm very excited that we can play a role in the field of the fast
growing AMR market through the acquisition of Meter2Cash," said
Anders Sagadin.
About Meter2Cash AS:
Meter2Cash is based in Trondheim, Norway, specializing in Customer
Information Systems, CIS for the power and telecom industry.
For more information, please contact:
Anders Sagadin or Anders Rudlang, The Management AB.
anders.sagadin@themanagement.com, Phone +46 8 410 064 70
anders.rudlang@themanagement.com, Phone +47 90 05 80 20
The Management AB, a Venture Management Corporation with its
primarily focus in the Software Industry, takes positions through
Interim Management roles or via direct investments in turn-around
prospects to utilize on its immense experience from decades of
successful management and deep understanding of the Industry and
deep cross-cultural awareness.
