Enea Acquires UK Company Polyhedra - Strengthens OSE With Database Technology.
STOCKHOLM, Sweden--(BUSINESS WIRE)--March 27, 2001
Enea has acquired all the shares in UK company Polyhedra Plc. "This acquisition means we're strengthening Enea OSE Systems' position in the market. We're bringing added value to the development of future versions of the OSE realtime operating system," comments Enea's CEO Ola Berglund.
Polyhedra develops and sells advanced database technology that will now be integrated with subsidiary Enea OSE Systems' realtime operating system, OSE. The acquisition is part of Enea's strategy of adapting OSE to meet the increasing demands imposed on integrated solutions in the communications industry.
"The integration of Polyhedra with OSE means we'll be able to offer a more complete product for customers developing high availability solutions," continues Berglund.
Enea OSE Systems and Polyhedra have had a working partnership previously, and the acquisition means Enea OSE Systems will be able to make even better use of Polyhedra's excellent technology in the area.
"We've worked with Enea OSE Systems in a number of previous projects. By integrating our products with OSE, we can offer a unique solution," says Dave Stoneham, founder of Polyhedra Plc.
Traditional database technology cannot always cope with the high demands imposed by the communications industry today. Polyhedra fills the vacuum and specialises, like Enea OSE Systems, in tele- and data communication products, including next-generation wireless technology.
Polyhedra's head office is in Cranfield in the UK, and the company is also active in the USA. The company, with its 20 employees, will operate as an Enea Data subsidiary.
Enea Data is acquiring all the shares in Polyhedra, and the purchase price comprises 3,300,000 shares in Enea Data AB and SEK 1.7m in cash. Polyhedra's sales during 2000 totalled (pound)1.5m/$2.2m, with profits of (pound)140k/$210k. The profit margin was 9.3%.
Welcome to the telephone conference: English: Time: 16:00-18:00 (CET) Tel: +44 208 240 8243 or +1 303 224 6998
Swedish: Time: 11:00-13:00 (CET) Tel: +46 (0)8 562 122 33
See also: www.enea.se and www.enea.com
Enea's world-leading realtime operating system OSE is at the heart of products from many of today's data- and telecom suppliers. With its total approach to realtime systems, Enea offers rapid product and system development for its customers. Enea has over 30 years' experience of advanced system development.
The subsidiary Enea OSE Systems has customers in tele- and data communications, process control, the automotive industry, defence, biomedical technology and consumer electronics.
------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/27/20010327BIT00160/bit0001.doc http://www.bit.se/bitonline/2001/03/27/20010327BIT00160/bit0001.pdf
|Printer friendly Cite/link Email Feedback|
|Date:||Mar 27, 2001|
|Previous Article:||Nordea North America Inc.: US Commercial Paper Program USD 10 Billion.|
|Next Article:||Matav Proposes 2000 Dividend of HUF 10 Per Share.|