SpectrumOne acquires the mobile surveillance company Observit to be merged with SpectrumOne’s business Trafikportalen with the intention to list and distribute the new company to the shareholders
SpectrumOne has acquired all the shares in the Swedish company Observit AB which has developed an advanced cloud-based subscription service that revolutionizes video surveillance across mobile fleets and serves as a platform for all stakeholders (bus operators, transit authorities and the police). The acquisition is a perfect match with Trafikportalen and adds customers such as Keolis, Nobina and Telia. The agreed enterprise value of the transaction is SEK 60 million, on a cash-free and debt-free basis and assuming a normalized level of working capital. Observit is growing and has been