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Anite Plc Acquires Propsim of Elektrobit Corporation

Monday, 28 Jan 2013 02:00am EST 

Anite Plc announced that it has acquired the Propsim channel emulation product set of Elektrobit Corporation of Finland. Propsim comprises a range of radio channel emulation (fader) hardware and software products, associated R&D capability, sales and marketing capacity and fulfillment resources. The Company also announced that regarding the acquisition, EUR 31 million will be paid in full cash on completion of January 31, 2013, on a cash free/debt free basis, from Anite's existing cash and banking facilities. 

Company Quote

-1.0 -1.14%
11:41am EDT