Telelogic closes the I-Logix acquisition
MALMÖ, Sweden and IRVINE, California - March 27, 2006 - Telelogic (Stockholm Exchange: TLOG), the leading provider of software solutions that align advanced systems and software development with business objectives, has today completed the previously announced acquisition of I-Logix. All closing conditions are now satisfied including the receipt of “Hart-Scott Rodino” U.S. anti-trust approval. By this, I-Logix is a wholly owned subsidiary of Telelogic. A CFIUS filing relating to the acquisition has been made and final resolution is expected during spring. As previously communicated, the acquisition will have a positive impact on Telelogic’s cash flow and a positive effect on the operating margin for 2006. The acquisition will have a negative effect on the EPS for 2006. For 2007, the EPS effect is estimated to be positive. The IFRS related depreciations are estimated to 35 MSEK for 2006 and to 15 MSEK for 2007.