Financial information regarding the acquisition of MicroDoc
With reference to the stock exchange notice of 12 September 2016 regarding the acquisition of 100% of the shares of MicroDoc Computersysteme GmbH (MicroDoc) in Germany.
The consideration for the shares has two parts. The first part is a fixed cash consideration of 10.5 MEUR which is payable at the closing of the transaction. Data Respons will fund the cash consideration by a 5 year bank loan of 10.5 MEUR in September 2016. The second part of the consideration consists of variable earn-out payments, in addition to the fixed cash consideration. The earnout payments will depend on the actual EBIT in MicroDoc in 2016, 2017 and 2018. Assuming a normal development in the EBIT for 2016, 2017 and 2018, the total of ther earnout payments will equal the fixed cash consideration. The yearly earnout payments will be due for payment in Q2 the year after the respective earnout year.
In 2015 MicroDoc had a revenue of 12.5 MEUR and an EBIT of 3.0 MEUR. Data Respons will from September 2016 include MicroDoc in Data Respons' consolidated statement of accounts. In Q3/2016, Data Respons ASA will expense 4.5 MNOK in transaction cost in relation to the acquisition of MicroDoc. 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.