KnowledgeWare Inc, Atlanta says it has now formally completed its previously-announced acquisition of the European software engineering distribution business of accountants Ernst & Young. The final purchase price will be between $17m and $28m depending on revenue performance during the next four years. Ernst & Young has been the exclusive distributor for KnowledgeWare in Europe since 1986, but the company now has direct distribution operations in most European countries including Belgium, Denmark, Finland, France, Germany, Italy, the Netherlands, Norway, Portugal, Spain, Sweden and the UK. Ernst & Young International Members continue to do distribution outside the US and Europe.
