The software company Enghouse Systems Limited, listed on the Toronto Stock Exchange, acquires all shares in Albatross Scandinavia AB.
Albatross offers voice and SMS routing products to telecom operators in nine countries. The solutions are provided via a managed services model. Albatross is a Swedish based company with a global focus to meet the increasing demands from telecom operators for specialised network development.
Enghouse Systems Limited is a Canadian leading global provider of enterprise software solutions with a turnover of CAD 122m (2011). Its strategy is to build a diverse software company through strategic acquisitions and managed growth. Enghouse shares are listed on the Toronto Stock Exchange.
Advokatfirman Carthiel advised the sellers.