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Swedish IT company SYSteam AB acquires stake in Indian partner ION Solutions
[26.08.2007, 10:25am, Sun. GMT]

Swedish IT company SYSteam AB, part of the Norway's ErgoGroup, said on Monday (20 August) that it has agreed to take a 10% stake in its Indian partner ION Solutions. The investment is part of SYSteam's strategy to add offshoring to its service offering and the agreement allows SYSteam to increase its holding in ION Solutions at a later date. No financial details were disclosed.

SYSteam, headquartered in Huskvarna, Sweden, is a turnkey IT solutions supplier with over 1,000 employees at 50 locations in the Nordic countries. The company is owned by the Norwegian group ErgoGroup AS.
 
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