Copilot Capital Limited (“Copilot”) has entered into a binding transaction agreement relating to the acquisition of all outstanding shares in the publicly listed company Relesys A/S (“Relesys”) for DKK 6.60 per share, corresponding to an equity value of DKK 337 million. Relesys shareholders representing approximately 93.5% of the share capital have entered into binding agreements with Copilot to sell their shares. The transaction represents a premium of 37% to the share price the day before Relesys announced the initiation of a strategic review.
Relesys is a Software-as-a-Service (SaaS) company founded with the purpose of creating a more engaged and united workforce. Relesys provides an all-in-one employee platform that helps bridge the gap between headquarters and non-desk workers. At the end of 2023, Relesys had 196 clients with more than 396,000 licenses in 97 countries, supporting 33 different languages. Customers include brands such as Salling Group, COOP, NorgesGruppen, Specsavers, Bauhaus, Matas, Telia, Carlsberg, Amcor, and Vestas, together with several other leading brands