EQT-Backed Omega II Bids 54.9 Billion Kronor for Fortnox

A consortium called Omega II - with the venture capital fund EQT X backing it - has made a bid for the listed business system company Fortnox worth 54.9 billion kronor. Fortnox's board of directors recommends that the owners accept the bid.

» Published: Mon 31 Mar 2025 07:18 CEST

EQT-Backed Omega II Bids 54.9 Billion Kronor for Fortnox
Photo: Amir Nabizadeh/TT

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Omega II is offering 90 kronor per share.

The Board of Directors of Fortnox recommends that shareholders accept the bid, writes Fortnox in a separate press release.

The bid – described as "reasonable from a financial perspective" in a statement from Ernst & Young – has a premium of 38 percent compared to the closing price of the Fortnox share on Friday.

Fortnox's Chairman of the Board Olof Hallrup did not participate in the decision to recommend that shareholders accept the bid, as he, through the company First Kraft, is part of the consortium that made the bid.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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