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Prevas AB to Acquire Autsyde AB


Monday, 3 Sep 2012 02:30am EDT 

Prevas AB announced that it has signed an agreement to acquire the company Autsyde AB. The company provides products, solutions and consulting services to industrial companies, particularly in the process and energy sectors. Autsyde has experience in industrial automation, process analysis and distributed control systems. Customers include Siemens, Fortum and technical works. The company is based in Finspang and Norrkoping. A share purchase agreement has been signed with the acquisition date of September 1, 2012. The fixed purchase price amounts to SEK 8 million. Acquisition will be paid in cash. In addition, an additional consideration, which is related to the development of the company until August 31, 2015, will be paid. The total purchase price including the supplement will not exceed SEK 20 million. The acquired company will be part of the Prevas Group. 

Company Quote

21.1
-0.2 -0.94%
21 Jul 2014