OM Acquires Danish Company DEFU DATA

OM Technology has acquired the Danish IT company DEFU DATA. DEFU DATA develops and sells IT solutions to the Danish electricity market. The company, which is located in Taastrup near Copenhagen, has 26 employees and a turnover of just under SEK 20 m per annum. The purchase of DEFU DATA enables OM Technology to create a strong Danish organisation for technology sales and support to the deregulated electricity market as well as to the financial sector. It also means that OM gains access to DEFU DATA's Origo product - a market leader developed by DEFU DATA for the management of technical components used in the production of electricity. We will now be able to complement our existing products and services with those solutions offered by OM Technology. In overall terms we will become a highly competitive total supplier of IT support to the Danish and Swedish markets, explains Björn Eliasen, DEFU DATA's Managing Director. OM Technology is a leading supplier of technology to financial and power markets. OM Technology is part of the OM group. OM supplies transaction technology services and products. OM also operates exchanges and develops technology that increases the efficiency of financial and commodities markets throughout the world. The parent company, OM Gruppen, is listed on the OM Stockholm Exchange.