ELISA INSIDE INFORMATION RELEASE 10 JUNE 2019 AT 10:45 AM
Elisa and of Swedish Polystar Instruments AB have signed an agreement in which Elisa acquires 100 per cent of Polystar OSIX AB and affiliated companies shares. Polystar OSIX is a global provider of analytics, assurance and monitoring software solutions for mobile operators. The transaction is consistent with Elisa’s strategy to grow digital businesses internationally and to accelerate the Elisa Automate business.
The acquisition price is EUR 70 million (cash and debt-free EV) and Elisa pays it in cash. The agreement includes also an additional acquisition price, max EUR 5 million, if growth targets are achieved. This acquisition has no impact on Elisa’s medium term financial targets nor dividend payment capabilities.
Polystar OSIX’s revenue was approximately SEK 395 million and EBIT approximately SEK 67 million in fiscal year ending April 2019 (unaudited). The company was founded in 1983 and has over 100 customers in 50 countries. Polystar OSIX has headquarters in Stockholm and employs approximately 200 people in Sweden, Canada, Germany, Australia, New Zealand, Singapore and United States of America.
ELISA CORPORATION
Vesa Sahivirta
IR Director
tel. +358 50 520 5555
Additional information:
Mr Jari Kinnunen, CFO, tel. +358 50 324 3521
Mr Vesa Sahivirta, IR Director, tel. +358 50 520 5555
Distribution:
Nasdaq Helsinki
Principal media
www.elisa.com