Proact continues to expand in Europe and strengthens its

Proact continues to expand in Europe and strengthens its Managed
Services-offering

Proact IT Group AB (publ) has signed contract to acquire Databasement,
with operations in the Netherlands, Belgium and Spain

Databasement has a total of 52 employees with annual sales of more than
EUR 20 million. The purchase price for a total of EUR 14 million is paid
in cash with 10 million divided into 3 equal instalments over the coming
12 months and an earn-out of 4 million after 3 years. The earn-out is
based on growths in profit in the coming 3 years. The price is 7 times
Databasement's EBITA. Proact's results will benefit from the acquisition
from the current quarter. Databasement's business model, which mainly is
based on Managed Services, offers higher margins than Proact's. The
acquisition is an important step for Proact to achieve the goal of a
margin on 7% before tax by increasing the proportion of contracted
services.

"We have since its inception 8 years ago built a leading position in
storage centric Managed Services and Cloud Services, which has great
momentum for the moment. The intellectual capital of these services and
in the software InControl is unique and of great value. Consolidation in
the IT-industry stresses that it is now time for us to scale up and
expand, Proact is the perfect partner to do so," says Rob Christ,
founder of Databasement.

Proact's CEO Olof Sand: "The acquisition of Databasement gives Proact a
stronger position in the Netherlands and a platform to move on in
Belgium and Spain. In addition, it enhances our offering in
"storage-as-a-service" and cloud services. Databasement has the best
Managed Services offering in the market. The services are built on the
proprietary software InControl, and it allows us to develop our offering
and create value to our customer in all markets."

"From a strategic point of view, Proact with this acquisition takes a
step towards becoming a European player, while increasing our offering
in Managed Services in all countries where Proact is already active,"
says Jakob Høholdt, VP Corporate Strategy & Efficiency in Proact. "We
look forward to work with Databasement's interesting customers, skilled
employees and to scale the business in Europe."

For further information, please contact:

Olof Sand tel. +46 8 410 666 82
e-mail: olof.sand@proact.se (olof.sand@proact.se)

CEO & President Proact IT Group AB

Tjeerd Bloembergen tel. +31 65 319 60 45 e-mail:
tb@databasement.eu (tb@databasement.eu)

CEO Databasement

Rob Christ tel. +31 79 361 97 65
e-mail: robc@databasement.eu (robc@databasement.eu)

Founder Databasement

Jakob Høholdt tel. +45 22,105,211
e-mail: jakob.hoholdt@proact.dk (jakob.hoholdt@proact.dk)

VP Corporate Strategy & Efficiency Proact IT Group

Proact continues to expand in Europe and strengthens its Managed Services-offering