Investor NewsNýherji hf. sells Dansupport A/SJanuary 6, 2014

Nýherji hf. has sold the Danish company Dansupport A/S to the IT/telecommunications company Jansson Kommunikation A/S.  Dansupport is an IT service company which specialises in IT infrastructure, unified communications and the development of IP telephony solutions. The company had around 30 employees in 2013. Founded in 1987, Dansupport became part of the Nýherji group in 2007 and had revenues of approximately DKK 50 million in 2012.

The purchase price is confidential. The sale will not have a material effect on Nýherji hf.'s income statement and balance sheet for 2013, but will strengthen the liquidity position.

"In recent months, efforts have been underway to develop a new strategy for the Nýherji group and redefine its principal areas of focus. The aim of this work is to put a sharper focus on core activities and the markets, customers and solutions which Nýherji will concentrate its efforts on in the next several years. The sale of Dansupport is in line with Nýherji's intention to strengthening the supply of IT infrastructure services and solutions with a focus on the Icelandic corporate market.   We would like to thank the management and staff of Dansupport for their excellent cooperation over the past few years," says Finnur Oddsson, CEO of Nýherji.

Nýherji hf. is listed on NASDAQ OMX Iceland under the ticker symbol NYHR. The Nýherji group has around 500 employees. Its subsidiaries include TM Software and Applicon, which has operations in Iceland, Denmark and Sweden. Nýherji hf. had total revenues of ISK 14,182 million in 2012.

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