Data Respons strengthens its position in Services in Sweden
Sylog Sverige AB, a subsidiary of Data Respons, has entered into an agreement to acquire 100 % of the shares in South Pole Consulting AB.
South Pole Consulting has 10 employees located in Stockholm and are experts in embedded Linux. The acquisition strengthens Sylog's position as a leading player within embedded services in Stockholm.
South Pole Consulting expects a turnover of SEK 12 million for 2016 with an operating margin of approximately 10 %. The company will be consolidated into Data Respons' financial statements from 2016.
An agreement has been reached for a cash consideration of SEK 2.8 million with additional payments depending on the company's development over the next two years.
For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918.
About Data Respons
Data Respons is a full-service, independent technology company and a leading player in the embedded solutions market. We provide products, services and embedded computer solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as defence, medical equipment, industrial automation, oil services and offshore, transportation, energy and telecommunications. Embedded solutions can be described as the computer brain of a machine, system or industrial end product, and can be used in a broad range of industrial applications.
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.