Clearwater International Denmark has advised Cito IT A/S (“Cito”), provider of industry-specific software solutions for pharmacies, on its sale to Vitec Software Group AB (“Vitec”).
Cito is a front-runner in developing, selling and supporting software solutions for pharmacies in Denmark. The company’s strong reputation in the Danish pharmacy market is based upon its ability to develop and implement solutions in close cooperation with its customers. The business delivers innovative solutions that support and optimise the pharmacies’ work flow and adapts to the constant changes and regulatory demands of the industry.
Vitec, listed on Nasdaq Stockholm, is market leader for vertical market software in the Nordic region. The company has approximately 600 employees and operates across Denmark, Finland, Norway and Sweden.
The Clearwater International team consisted of Partner and Head of TMT Denmark Per Surland and Senior Associate Klaus Stenild Hansted.