Technology Nexus AB (publ) acquires French IT-Security company and strengthens its position in the French market.
Technology Nexus AB (publ) acquires French IT-Security company and strengthens its position in the French market. Nexus today signed a Letter of Intention concerning the acquisition of the French IT Security company 2B + D SARL. The acquired company was established in 1990 and works with Secure Solutions, based on PKI and other products. The company is also RSA's leading partner in the French market. Among the company's clients are found a number of banks, insurance companies, the public sector and the manufacturing industry. The company currently has seven employees, is located in Paris, France, estimates revenue for 2001 to total approximately FRF 15 million, and shows continued good profitability. The company will be integrated into Nexus' existing organisation, operations, and premises. "This acquisition should be seen as strengthening Nexus' position in the French market, where we are already established with clients such as Renault, Peugeot, and a number of banks, and so on", says Mikael Jacobsson, CEO for Technology Nexus AB and Manager of Business Area International. Nexus is paying FRF 3,1 million, 50% through a directed new share issue and 50% in cash, and the acquisition is expected to contribute positively to Nexus' result as early as Q3. Since the company is relatively well consolidated, only a marginal goodwill effect will arise as of the acquisition. For further information, please contact: Mikael Jacobsson CEO, Technology Nexus AB, mobile +46-(0)706-47 58 10, e-mail: email@example.com, Facts about Technology Nexus AB Technology Nexus AB (publ.), quoted on the O-list at the Stockholm Stock Exchange, has specialised in the development and supply of secure IT solutions to improve clients' profitability. Nexus works not only with end-clients, but also as a development partner for clients with very high quality requirements. Nexus' vision is to be a leading partner for secure solutions in the digital economy. Nexus has around 370 employees, with offices in Stockholm, Gothenburg, Malmö, Uppsala, Linköping (head office), Umeå, Karlstad, Västerås, Borlänge, Hamburg, Paris, London, Madrid, and New York. More information is available at www.nexus.se. E-mail: firstname.lastname@example.org ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.bit.se/bitonline/2001/06/29/20010629BIT00330/bit0001.doc http://www.bit.se/bitonline/2001/06/29/20010629BIT00330/bit0001.pdf