Visma Group acquires Bluegarden Group

Visma Group acquires Bluegarden Group

Visma Group acquires Bluegarden Group

Visma Group has acquired 100 percent of the shares in Bluegarden Group.

Bluegarden develops and offers payroll and HRM services and is a major player in the Scandinavian market. The acquisition will strengthen Visma’s position in the market and secure future development of sustainable solutions for new and existing customers.

Mogens Elsberg, CEO Bluegarden, says; "I cannot think of a better owner of Bluegarden than Visma – a significant industrial player in the market for payroll and HRM solutions. The acquisition of Bluegarden will increase competitiveness of Visma by adding high competences and established technical solutions. I am confident that this provides a strong opportunity for creating more value and providing relevant solutions for our customers."

Øystein Moan, CEO Visma, says "HRM is a key area for Visma. Bluegarden’s strong competence and knowledge will lead to mutual beneficial opportunities to continue delivery of even more sustainable solutions to our customers. The knowledge and long term experience of the Bluegarden employees within the field will be essential to ensure the development of future solutions for all customers."

Bluegarden will continue to provide customers with relevant solutions and services.

About Bluegarden
Bluegarden develops and offers payroll and HR administration and selected services within strategic HRM to the Scandinavian market. Bluegarden has established a leading position in the market and is today serving 65.000 customers in Denmark, Norway, and Sweden. The group has 550 employees and its net revenue amounted to 793 MDKK in 2016.The company’s headquarter is located in Ballerup, Denmark.

About Visma
Visma makes businesses more efficient, through offerings of software, commerce solutions, retail IT-solutions, and IT-related projects and consulting. Visma simplifies and digitizes core business processes within the private and public sector. 600,000 customers in Northern Europe utilize Visma’s products and services, and an additional 300,000 use Visma as a hosting partner. The group has 5.500 employees and its net revenue amounted to 7.855 million in 2016.

For more information, please contact:
Øystein Moan, CEO Visma Group, +47 92 08 00 00