Huddlestock Fintech AS ("Huddlestock" or the "Company") announces that its subsidiary Visigon AS has acquired the assets of DoLand ApS, a Danish sustainability reporting software company, as part of the strategic expansion into the managed services space. The acquisition was completed at a negligible purchase price, providing Huddlestock with an attractive risk-reward profile. The transaction strongly supports the strategic growth avenue within managed services for Visigon towards its 2028 financial targets.
As part of the acquisition, Visigon has entered into a five-year agreement with Merkur Andelskasse, a Danish cooperative savings bank, for the delivery of sustainability reporting on their client-facing investment portfolios.
"We are pleased that Visigon has acquired the assets of DoLand ApS and will continue to deliver the sustainability reporting our clients depend on," says Charlotte Skovgaard, CEO of Merkur Andelskasse.
"This acquisition strengthens the groups position in the Nordic financial market and across EU. We welcome Merkur Andelskasse as a long-term partner and look forward to our collaboration," says Leif Arnold Thomas, CEO of Huddlestock Fintech AS.