Setterwalls advised the shareholders in connection with the divestment of Visual Art

Setterwalls advised the shareholders in the divestment of Visual Art, a leading player in Digital Signage, to Vertiseit for a total purchase price of SEK 457 million on a debt and cash free basis.

Visual Art is a leading player in Digital Signage, with operations and offices in Europe and the USA, headquartered in Stockholm. The company was founded in 1997 and has since grown to become a global leader in Digital Signage, with approximately 75,000 software licenses in 39 countries and has approximately 120 employees across eight countries.

In connection with Visual Art joining Vertiseit, Vertiseit is carrying out a directed share issue to Bonnier Capital, which thereby becomes the new main owner of Vertiseit. For more information, please see Vertiseit’s press release.