Release

Gofore Plc: Gofore has completed the acquisition of Qentinel Finland

Gofore Plc: Gofore has completed the acquisition of Qentinel Finland

GOFORE PLC COMPANY ANNOUNCEMENT 1 SEPTEMBER 2020 AT 12.15

Gofore has completed the acquisition of Qentinel Finland

Gofore Plc has completed the acquisition of Qentinel Finland Oy, a specialist in software testing automation. The acquisition was announced in a company announcement on 10 August 2020.

The debt-free purchase price was EUR 8.9 million. An additional purchase price was agreed based on the EBITDA adopted in the 2020 financial statements. Gofore estimates the additional purchase price to total EUR 1–2 million. As a result of the acquisition, Gofore will become one of the most important providers of professional services in digital quality assurance in Finland. 

Qentinel Finland Oy will continue to operate as an independent company, reported as part of the Gofore Group as of 1 September 2020.

Further information: 
Mikael Nylund, CEO, Gofore Plc   
tel. + 358 40 540 2280    
   

Certified Adviser: Evli Bank Plc, tel. +358 40 579 6210  

Gofore Plc is a Finland-based digitalization specialist with international growth plans. Together with our customers, we are pioneering an ethical digital world. We’re made up of over 600 impact-driven people across Finland, Germany, Spain and Estonia  top experts in our industry who are our company’s heart, brain, and hands. We use consulting, coding and design as tools to incite positive change. We care for our people, our customers, and the surrounding world. Our values guide our business: Gofore is a great workplace that thrives on customer success. In 2019, our net sales amounted to EUR 64.1 million. Gofore Plc’s shares are quoted in the Nasdaq First North Growth Market Finland. Learn more: www.gofore.com.