Data Respons strengthen its position in Germany
Data Respons has agreed to purchase 100 % of the shares in the German company Ipcas GmbH. The company has 50 employees with offices located outside Nuremberg. The acquisition will strengthen the competency and position of Data Respons in Germany.
- Ipcas has a solid and broad competency within development of Embedded Solutions, and has among others Siemens, Bosch and Continental as customers, says CEO Kenneth Ragnvaldsen of Data Respons. The acquisition will strengthen our competency platform, increase our potential for Solutions sales, and expand our geographical presence in Germany.
Ipcas was founded in 1988 and has a highly regarded position in the region. The company has been profitable every year, and in 2007 it had revenues of MNOK 27 million with an EBIT margin of approx. 10 %. The company will be consolidated in Data Respons' accounts from September 1st, 2008.
Total payment will depend on the company's development in 2008, 2009 and 2010, but will amount to a minimum of MNOK 15 million.
The acquisition is subject to a satisfactory due diligence.
FOR FURTHER INFORMATION PLEASE CONTACT:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, phone: +47 67 11 20 00 Mob: +47 913 90 918.
About DATA RESPONS
Data Respons` vision is to become leading in Europe within 2010 on Embedded Solutions in the industrial market. Embedded Solutions can be described as being the brains of a machine, system or industrial end product. Data Respons supplies Embedded Solutions to leading OEM companies, system integrators and vertical product suppliers in a range of market segments such as defence, offshore, automation, medical equipment, surveillance, transport, telecommunications and other industries. 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 Denmark, Finland, Norway, Sweden and Germany. At the close of the 2nd quarter 2008 the company had a total of 441 employees.
More information on Data Respons ASA can be found on our website: http://www.datarespons.com