Inission AB (publ) (OM:INISS B) acquired Simpro Holding AS from Salvesen & Thams AS, Midvestor Management AS and Olav Sigurd Kvaale for NOK 40.9 million on November 1, 2018. The full purchase price has been paid on November 1, 2018. The purchase price has been partly financed through a bank’s acquisition credit, loans from principal shareholders and partly with Inission's own funds. For the year 2017, Simpro had revenues of NOK 184 million. Founder of Simpro, Olav Sigurd Kvaale, along with Hans Olav Torsen will remain in the Board of Simpro. Fredrik Berghel will be joining Simpro as Chairman, whereas Olle Hulteberg and Stefan Westberg will also be joining him as members of the Board of Simpro. Current management in Simpro will remain and will ensure continuity. Inission AB (publ) (OM:INISS B) completed the acquisition of Simpro Holding AS from Salvesen & Thams AS, Midvestor Management AS and Olav Sigurd Kvaale on November 1, 2018.