Arribatec Group ASA ( (DE:B7Z0) ) has provided an update.
Arribatec Group ASA has completed the sale of its Arribatec Hospitality division to Convene AS for NOK 12.5 million, as part of its strategy to concentrate on core business areas and enhance its financial standing. This transaction positions Arribatec Hospitality for growth under Convene, which is committed to advancing the hospitality sector through innovative technology solutions.
More about Arribatec Group ASA
Arribatec is a software and consulting company based in Oslo, known for its customer-centric engagement model and expertise in system integration and domain competence. The company serves over 1700 clients across 25 countries in both private and public sectors, employing more than 320 people with offices in 11 countries. Arribatec is listed on the Oslo Stock Exchange under the ticker code ARR.
YTD Price Performance: 20.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €13.03M
Find detailed analytics on B7Z0 stock on TipRanks’ Stock Analysis page.