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Birdstep Technology - sale and transfer of shares in IP Zone to Aptilo Networks

May 12, 2005

Aptilo Networks AB, the Swedish computer technology company, has agreed to acquire the IP Zone business of Birdstep Technology ASA, the Norwegian software provider for an undisclosed amount. Under terms of the agreement, Birdstep will become Aptilo’s largest shareholder holding 33.3% of the combined company, which is valued at SEK 240m (EUR 25.4m). The combined company will operate as Aptilo Networks.

Vinge acted for Birdstep Technology ASA.
Karin Ulberstad, Mattias Schömer (responsible partners)
Jens Haneklint, Eva Fredrikson (associates)

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