TTMS takes over 56% of the Danish company ConCor

Transition Technologies MS (TTMS) has signed an agreement to purchase 56 percent of shares in the Danish company ConCor, a recognized IT outsourcing provider in Scandinavia, the company said. The acquisition of the majority stake is in line with the TTMS strategy in the area of expanding the international sales network.

The transaction will strengthen the presence of TTMS on the Danish market and in other Scandinavian countries. The transaction is financed with TTMS's own funds.