Enea has closed the divestment of its Nordic consulting business
On December 30 2011, Enea entered into a binding agreement to divest the Swedish consulting companies in Stockholm, Lund and Linköping to Xdin AB, the Swedish subsidiary to Alten Group, a leading global technical consulting company, based in Paris, France.
The final purchase consideration has been settled to SEK 148.5 million compared with the previously estimated amount of SEK 140 million. The divestment will lead to a capital gain in accounting terms of approximately SEK 62.5 million. The purchase consideration has been transferred and will increase Enea’s cash flow with SEK 144 million in the first quarter.
The divested business saw net sales of SEK 275.0 (279.5) million over the full year. Net sales amounted to SEK 303.8 million including transactions between Group companies. The operating profit for the divested business for the full year amounted to SEK 0.3 (30.1) million, corresponding to an operating margin of 0.1 (10.8) percent. Excluding write downs of goodwill, the operating margin for the whole year amounted to 8.2 percent. The numbers for the divested business do not include corporate cost previously allocated on the divested business.
This information is such that Enea AB (publ) is to publish in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on February 17, 2012 at 14.30 CET.
Enea is a global software and services company focused on solutions for communication-driven products. With 40 years of experience Enea is a world leader in the development of software platforms with extreme demands on high-availability and performance. Enea's expertise in real-time operating systems and high availability middleware shortens development cycles, brings down product costs and increases system reliability. Enea's vertical solutions cover telecom handsets and infrastructure, medtech, automotive and mil/aero. Enea has offices in Europe, North America and Asia. Enea is listed on Nasdaq OMX Nordic Exchange Stockholm AB. For more information please visit enea.com or contact us at email@example.com.
Enea®, Enea OSE®, Netbricks®, Polyhedra® and Zealcore® are registered trademarks of Enea AB and its subsidiaries. Enea OSE®ck, Enea OSE® Epsilon, Enea® Element, Enea® Optima, Enea® Optima Log Analyzer, Enea® Black Box Recorder, Enea® LINX, Enea® Accelerator, Polyhedra® Flashlite, Enea® dSPEED Platform, Enea® System Manager, Accelerating Network Convergence(TM), Device Software Optimized(TM) and Embedded for Leaders(TM) are unregistered trademarks of Enea AB or its subsidiaries. OCTEON is a registered trademark of Cavium, Inc. Linux is a registered trademark of Linus Torvalds in the United States and other countries. All other trademarks are properties of their respective owners. Any other company, product or service names mentioned above are the registered or unregistered trademarks of their respective owner. © Enea AB 2012.
For more information
Anders Lidbeck, President & CEO
Phone: 46 8 50 71 40 00
Paulcén, VP Communications
Phone: 46 709 714133