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3 Step IT completes the acquisition of BNP Paribas Lease Group operations in Scandinavia

(Published 9.3.2010)

3 Step IT has completed the acquisition of BNP Paribas Lease Group’s subsidiaries in Sweden and Norway, and business operations in Denmark (ex Fortis Lease Group) announced on February 2, 2010. The ownership of the companies was transferred to 3 Step IT Group on March 9, 2010.

The acquired companies and operations will form joint entities with 3 Step IT Group’s local subsidiaries. The new entities will operate under name 3 Step IT. The BNP Paribas Lease Group’s Scandinavian subsidiaries employ 38 people who will be transferred to 3 Step IT. The parties have agreed not to disclose the value of the transaction.

Through the acquisition, 3 Step IT will greatly increase its market share in Scandinavia, becoming the leading independent company providing IT leasing and asset management services in the Nordic countries.

3 Step IT Group’s turnover in 2009 stood at EUR 220.8 million. Through the business acquisition, 3 Step IT Group estimates its total turnover in 2010 will increase to EUR 350 million. Number of customers of joined entity will exceed 2,500.

For additional information, please contact

Mr. Artti Aurasmaa, CEO, 3 Step IT Group
Mobile +358 50 543 2222
artti.aurasmaa(a)3stepit.com