Rhipe agrees to Crayon takeover bid
Distributor Rhipe has agreed to be fully acquired by multinational IT consultancy Crayon for $2.50 per share, a tolal of $400 million. In an ASX announcement, Rhipe said it entered into a binding scheme implementation deed with Oslo, Norway-headquartered Crayon. This comes days after Crayon submitted an indicative, non-binding offer last week. Crayon is a software asset management and cloud optimisation services provider with revenues of approximately 19.5 billion Norwegian Krone ($3 billion). The company arrived in Australia in 2019 and acquired Oracle specialist Navicle and Winc’s softw...
Source: crn.com.au