As of September 1, 2021, we are pleased to be part of D.A. Davidson & Co. We will continue serving our clients as part of their full-service Investment Banking Group. Click here to learn more about our combined strengths.
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Transactions

September 2009
has sold
Oslo, Norway
to
New York, New York


Background

In 2005 and 2006 Euronext N.V., the pan-European exchange, acquired the three leading European based providers of services for the European Investor Relations (IR) community: Hugin AS, the Norwegian provider of web-based news distribution services, which Euronext acquired in late 2006; CompanyNews, the French news distributor acquired in early 2006; and Directnews, the German distribution company acquired by Hugin AS in 2005. The three firms were merged and took the name “Hugin Group,” with headquarters in Oslo, Norway and Paris, France. Hugin became Europe’s leading distributor of financial, regulatory, and other business news. Competing with distributors like PR Newswire and Business Wire, the Company offered European IR and PR professionals a secure, web-based Software-as-a-Service (“SaaS”) system that allows these professionals to connect directly (as well as via news wires and news media) to thousands of journalists, analysts, institutional investors, and other stakeholders. By 2009, Hugin Group was serving about 1,700 clients across 26 countries.