The transaction will generate net cash proceeds of approximately NOK 29 million, following the repayment of debt and other charges relating to the sale. The transaction will result in a net profit of approximately NOK 11 million and will be completed in Q1 2024.
“Coming out of Covid, we want to make it more attractive for our team members to come to work as we see big benefits in terms of building a common culture and facilitating great teamwork from working more physically together. We have thus contracted new modern facilities, sized to our current needs, in the Leipzig city center near the train station, shops, and restaurants.” says Hans-Petter Mellerud, CEO and founder of Zalaris.
“Selling our office building also reflects our strengthened focus on effective capital allocation and will further improve our cash balance.” says Gunnar Manum, CFO Zalaris.
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Hans-Petter Mellerud, CEO and founder
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Gunnar Manum, CFO
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About Zalaris
Zalaris simplify HR and payroll administration and empower you with useful information so that you can invest more in people. We are a leading service provider of Human Capital Management (HCM) solutions, serving more than 1.5 million employees monthly with an annual revenue of more than 88 million Euros. We hold #1 or #2 positions in most of our markets, and carry over two decades of experience in transforming HR and support creating sustainable businesses with our clients. Simplify work life. Achieve more. For more information about us, go to zalaris.com.