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Acquisition of shares in sumarum AG completed

Press Release   •   May 18, 2017 17:11 BST

“We look forward to begin working with all our new colleagues in Germany", says Hans-Petter Mellerud, CEO of Zalaris.

Zalaris has today completed the acquisition of the shares in sumarum AG (previously IT2 Solutions AG) - a leading HR outsourcing and consulting company in Germany.

The acquisition was completed on 18 May 2017, and Zalaris has acquired in total 52,950 shares in sumarum, representing 97.32% of the total share capital and 98.64% of the votes in sumarum.

“We look forward to begin working with all our new colleagues in Germany. This transaction is a milestone for Zalaris as we move into the German speaking Europe, and we are very happy to close this today,” says Hans-Petter Mellerud, CEO of Zalaris.

The board of directors of the Zalaris ASA has today resolved to increase the share capital of the company by NOK 72,021.90 in order to issue the consideration shares to the sellers of sumarum AG. The subscription price per consideration share is NOK 35.9520 and the total share contribution amounts to NOK 25,9 million.

The transaction details are described in the stock release as of 26 April 2017.

Zalaris is certified as a SAP Business Process Outsourcing (BPO) Partner and is a leading SAP Human Capital Management (HCM) and SuccessFactors consulting partner. Founded in 2000, Zalaris today operates in Denmark, Estonia, Finland, India, Latvia, Lithuania, Norway, Poland and Sweden, including local-language service centers with extensive expertise in HR-related laws and regulations.

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