STOCK EXCHANGE RELEASE
Free for publication on January 31, 2013, at 4.00 pm (CET+1)
THE SALE OF ELEKTROBIT CORPORATION'S (EB) TEST TOOLS PRODUCT BUSINESS TO ANITE
PLC HAS BEEN COMPLETED
The sale of Elektrobit Corporation's ("EB") Test Tools product business to Anite
plc ("Anite") has been completed today. The cash consideration paid by Anite to
EB as a result of the Transaction was EUR 31.0 million on a cash and debt free
basis, subject to a post completion adjustment based upon the level of net
working capital and cash and debt in the Test Tools product business on January
31, 2013. The closing of the Transaction results in a non-recurring net profit
of about EUR 23 million in the first quarter of 2013, and non-recurring net cash
flow of about EUR 28 million, in the first half of 2013. EB announced the
transaction in its stock exchange release on January 28, 2013.
Oulu, January 31, 2013
Elektrobit Corporation (EB)
Jukka Harju
CEO
Further information:
Jukka Harju
CEO, Elektrobit Corporation
Tel. + 358 40 344 5466
Distribution:
NASDAQ OMX Helsinki
Principal media
Elektrobit (EB)
EB creates advanced technology and turns it into enriching end-user experiences.
EB is specialized in demanding embedded software and hardware solutions for
wireless and automotive industries. The net sales for the year 2011 totaled MEUR
162.2. Elektrobit Corporation is listed on NASDAQ OMX Helsinki.
www.elektrobit.com
Anite plc
Anite plc, an international software and solutions company, operates in two
discrete markets: we provide device and network testing systems to the wireless
market and reservation and e-commerce solutions to the leisure travel industry.
The success of both divisions is based on our comprehensive knowledge of the
sectors and on our proprietary software and hardware products.
Our 530 staff work with the world's leading wireless and travel companies, from
our headquarters in the UK and from offices in 15 countries throughout Europe,
the Americas, Asia and the Middle East. www.anite.com
[HUG#1674652]
THE SALE OF ELEKTROBIT CORPORATION'S (EB) TEST TOOLS PRODUCT BUSINESS TO ANITE PLC HAS BEEN COMPLETED
| Source: Bittium Oyj