Contract of NOK 225 million
Data Respons has signed a contract of NOK 225 million with a leading player in the automotive market in Germany.
The contract is a 5-year agreement for delivery of specialised R&D IT services, advanced testing and system integration supporting all phases of the development cycle.
– This contract marks an important strategic milestone and is the largest in the company’s history. We have enjoyed great success in the German market over the last years and significantly increased revenues through strong organic development and selected acquisitions. Our strategy is to build focused companies that are leaders in their niche, deliver specialist services and high-tech solutions, and that can be a long-term development partner for our customers. Data Respons now has a solid platform in Germany, one of the world’s largest industry- and technology markets, and expect continued growth going forward, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.
Digitalisation and connection of vehicles, transformation of powertrains, increasing environmental- and security requirements are challenging the automotive industry to innovate at a faster pace than before. In order to keep up, the industry is investing heavily in advanced software and data-driven tools supporting an efficient development and testing of new platforms. Our deliveries are highly specialised services and a business critical part of the customer’s development process, Ragnvaldsen concludes.
For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918.
Rune Wahl, CFO, Data Respons ASA, tel. + 47 950 36 046
About Data Respons
Data Respons is a full-service, independent technology company and a leading player in the IoT, Industrial digitalisation and the embedded solutions market. We provide R&D services and smarter solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as Transport & Automotive, Industrial Automation, Telecom & Media, Space, Defence & Security, Medtech, Energy & Maritime, and Finance & Public Sector.
Data Respons ASA is listed on the Oslo Stock Exchange (Ticker: DAT), and is part of the information technology index. The company has offices in Norway, Sweden, Denmark, Germany and Taiwan. www.datarespons.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.