Wavr Tech AB (publ) Announces Ongoing Acquisition of Porall AB

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Gothenburg, October 25, 2023 – Wavr Tech AB (publ), a leading player in digital health and safety development, is pleased to announce the ongoing acquisition of Porall AB, an innovative company specializing in smart solutions for preventing alcohol-related risks in workplaces. This ongoing acquisition signifies a strategic advancement for both companies and strengthens their positions in the market.

By merging Wavr Tech and Porall, their expertise and resources are combined to create even more robust solutions in workplace health and safety. Porall AB has developed a platform for seamless and cost-effective screening of alcohol impairment, aiming to enhance security and improve the health of employees. This technology will now be an integral part of Wavr Tech's product portfolio.

The acquisition enables both companies to expand their markets and offer their products and services to a broader customer base, while complementing each other's services. Customers will benefit from the increased product range and the deepened technical expertise, leading to even better and more tailored solutions.

Patrik Zayas, CEO of Wavr Tech, commented on the acquisition: "We are delighted to welcome Porall AB to the Wavr Tech. Their innovative solutions align with our commitment to offering the best for our clients. Together, we look forward to creating even better digital tools that will collaborate and provide added value to our clients and partners."

Jan Björkholm, CEO of Porall, added, "We share a passion for innovation and a commitment to creating powerful solutions for our clients. Wavr Tech's innovative approach and our dedication to enhancing workplace safety and health align perfectly with Porall's vision. We are excited to join forces and create synergy between our teams and technologies."

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For more information about this acquisition, please contact:

Patrik Zayas 

CEO 

Wavr Tech AB (publ) 

Phone: 0708-153530 

Email: ceo@wavr.com 

Websites: www.wavr.com, www.zentnl.net, www.porall.com

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About Wavr Tech AB (publ)

Wavr Tech AB (publ) stands as a trailblazing entity that has pioneered Zentnl®, a cutting-edge tool designed to enhance health and safety in high-risk work environments. Zentnl® offers unparalleled insights into potential risks, providing real-time reporting and in-depth analyses.

About Porall AB:

Porall stands as a beacon of support for both companies and individuals, proactively identifying signs of alcohol impairment to foster the safest possible workplace environment. Through swift and secure digital distribution, Porall mitigates risks, ensuring a secure workplace for all without compromising integrity.

For more information please contact
Patrik Zayas
CEO

ceo@wavr.com
 +46 708 153530

Enabling a sustainable future by transforming the analysis of human motion with artificial intelligence
Zentnl® is a first-of-its-kind digital human twin powered by motion sensors in garments and artificial intelligence, enabling real-time information and actionable knowledge.

For more information please visit www.wavr.com or www.zentnl.net

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