OM has agreed to transfer the product POMAX Wholesale. The rights to the POMAX Wholesale product have been sold to former employees of OMHEX's operations in Halden who will assume responsibility for the existing client base. The new company is called Navita Systems, and Tor Heiberg has been appointed CEO.
As announced, OMHEX has agreed to transfer the energy business operation of Retail System and the rights to the POMAX Customer product to TietoEnator. For more information about this transfer, please see the separate press release from 2003-12-22.
As announced, OMHEX yesterday signed an agreement to sell the business activities of UKPX to APX. The closing of the acquisition is anticipated in mid-2004 once certain operational and regulatory matters have been settled. OMHEX will continue to operate UKPX until these matters have been resolved. During this time, the operations of UKPX will have no effect on OMHEX's earnings. For more information about this transfer, please see the separate press release from 2003-12-23.
OMHEX's operations in Copenhagen have been closed down and transferred to, among others, Anders Millgaard, former employee of OMHEX's Copenhagen office. The transfer includes, apart from the rights to the eMerger product software, responsibility for the existing client base. The new company will continue under the name Aktant with Anders Millgaard as CEO.
OMHEX's offices in Frankfurt, Hamburg, Toronto and Pasadena are being closed down.
