Data Respons acquires MicroDoc from Germany - Strengthening our position within SW technology, digitising and IoT
Data Respons acquires 100 % of the shares in MicroDoc Computersysteme GmbH, a SW technology company in Germany with headquarters in Munich. The company has more than 50 specialists in SW development, Java and system design as well as SW solutions for IoT, mobile/network infrastructure and embedded applications.
- With this acquisition, we strengthen us within several key strategic areas at one time. It gives us a big boost in SW development capabilities, IoT and digitising for the group as a whole. We get a strong foothold in Germany within R&D Services with further offices in Munich, Berlin and Stuttgart. Last, but not least, it gives us access to a strong customer portfolio in markets such as Automotive, Smart grid/Smart Home, Banking/Insurance, IoT and Industrial Automation, says Kenneth Ragnvaldsen, CEO of the Data Respons group.
- We are really looking forward to join forces with Data Respons. The company has a great match with MicroDoc's technology profile and culture. Both companies are developing future technology solutions in close cooperation with its customers. We recruit only the best talents and focus on specialists who are driven by new technology and are used to perform when developing complex solutions. Additionally, by joining forces, we can get access to even more innovative and exciting hi-tech projects, says Managing Director in MicroDoc Hans Kamutzki
- I am so excited to welcome MicroDoc to the Data Respons family. Together, we have the best opportunities to take on new and game-changing assignments to create smarter digital solutions for the future, concludes Kenneth Ragnvaldsen.
MicroDoc had a revenue of 12.5 MEUR in 2015 with an EBIT of 3.0 MEUR. It is agreed a cash consideration of 10.5 MEUR payable at closing with an additional amount depending on the company's EBIT development in 2016, 2017 and 2018 (earn-out mechanism). The transaction is expected to close within the next 2 weeks.
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.