Setterwalls has advised the owners of Infometric Aktiebolag in connection with their sale of a majority of the shares in Infometric to Vitec Software Group AB (publ)

Infometric is a leading actor in Sweden in smart solutions for individual metering and debiting (IMD) in apartment buildings. The company develops and delivers a complete system of hardware and software for collecting, analyzing and debiting energy and water consumption as well as temperature measurement for the Swedish housing and real estate industry.

Through the sale, the software group Vitec becomes the new long-term main owner of Infometric. Vitec is a leading provider of Vertical Software and is listed on Nasdaq Stockholm.