Sectra strengthens its presence in Finland through the acquisition of a security consulting company
Press release Linköping, Sweden, September 29, 2015 – IT and medical technology company Sectra (STO: SECTB) has acquired the Finnish consulting company, EXP Analytics Oy. The company sells consulting services in the field of information security. The acquisition will strengthen Sectra’s presence in Finland.
EXP Analytics specializes in conducting analyses, as well as preparing strategies and solutions for information and cyber security on behalf of public authorities in Finland. The company has six employees and annual sales amount to approximately EUR 1 million.
“Finland is an attractive market, where we foresee growth potential for our security solutions and services. The acquisition of EXP Analytics will provide us with local resources and expertise to deliver secure communications to Finnish customers,” says Michael Bertilsson, President of Sectra’s Secure Communications business area.
The acquisition is in line with the Group’s strategy to expand in the areas and regions where the company commands an established position. This will be done primarily through organic growth, supplemented by acquisitions that also strengthen the Group’s organic growth. The operation will be transferred to the Finnish subsidiary, Sectra Communications Oy, which is included in Sectra’s Secure Communications business area.
The acquisition will not have any material impact on Sectra’s sales and earnings. The transaction is being financed using Sectra’s own funds and includes a cash consideration and additional purchase consideration. Sectra will take over on September 30, 2015.
For further information, please contact:
Dr. Torbjörn Kronander, CEO and President, Sectra AB, + 46 (0) 705 23 52 27
Simo Pykälistö, CFO and Executive Vice President, Sectra AB, + 46 (0) 703 51 53 03
About Sectra
Within the business area Secure Communications, Sectra has operations in Sweden, the Netherlands and Finland, developing and providing effective security solutions for European government authorities, defense departments and other critical functions of society. These security solutions ensure that organizations and individual users can meet their continuous need for secure communication. Sectra’s solutions are approved at national levels and by the EU and NATO, and pave the way for communications that lead to a secure and stable world.
The Group’s business operation includes cutting-edge products and services within the niche segments of secure communication and medical IT. Sectra has subsidiaries in 14 countries and operates through partners worldwide. The company was founded in 1978 and has its roots in Linköping University in Sweden. Sales in the 2014/2015 fiscal year totaled SEK 961 million. The Sectra share is quoted on the Nasdaq Stockholm exchange. For further information, visit http://www.sectra.com
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