Tobii divests Smartbox
Tobii AB (´Tobii´) has agreed to divest Smartbox. The maximum purchase price amounts to GBP 13.4 million, of which GBP 3.55 million consists of an earnout and GBP 2.8 million consists of a net cash and net working capital adjustment. The expected purchase consideration corresponds to what Tobii paid for Smartbox in 2018 and is not expected to have any noteworthy impact on Tobii´s earnings. Tobii acquired Smartbox in August 2018 with the ambition of accelerating the pace of innovation and development of the assistive technology for communications industry. The British competition and