Q-Free acquires Open Roads Consulting to strengthen the ATMS business

Trondheim/Oslo, 17 July 2014: Q-Free has signed a Share Purchase Agreement (SPA) for the acquisition of Open Roads Consulting Inc. for a cash consideration of approximately USD 6.2 million. Further consideration is dependent on future financial performance. The acquisition will strengthen Q-Free’s presence in the US substantially, and is a strategic good match with other ATMS and RUC activities within the group.  Q-Free expects the transaction to be closed within the end of the third quarter 2014.Open Roads Consulting is a privately owned company established in 2000 in Virginia, USA. The