IAR Systems Group completes acquisition of Secure Thingz and resolves on non-cash issue
Uppsala, Sweden – April 11, 2018 – Today, IAR Systems Group (“IAR Systems” or “the company”) completed the acquisition of Secure Thingz (“Secure Thingz”), which was announced in a press release dated March 21, 2018. IAR Systems previously owned approximately 20% of the shares in Secure Thingz, and the consideration for the remaining 80% amounted to approximately SEK 219m, comprising a cash consideration of about USD 21,5m and 164,584 class B shares in IAR Systems. With the support of the Annual General Meeting’s authorization on April 26, 2017, the Board of Directors has decided today to