Reiten & Co has today entered into an agreement to acquire 414,338 shares in Data Respons and following the transaction will control 3,081,613 shares in the company together with related party Reiten Investment Company. This represents 5.74% of the share capital and voting rights in Data Respons.
Data Respons has over the years strategically positioned itself at the heart of the on-going digitalization trends and developed into a leading European provider of embedded solutions and high-quality R&D services. Reiten & Co Capital Partners VII L.P (fund managed by Reiten & Co) has previously been invested in the company and following a highly successful ownership period exited in 2017. Reiten & Co knows the company and management very well and believe it is well positioned for further growth.
“We are very excited to be invested in Data Respons. The increasing speed of disruptive innovations and new technology drives the need for IT and consultancy firms that enables enterprises to conquer both internal and external digital challenges. We believe that Data Respons is uniquely capable of helping its clients capitalize on the opportunities that follow from a more connected, automated and digitized world”, says Narve Reiten, Partner Reiten & Co.