Elektrobit Oyj : THE SALE OF ELEKTROBIT CORPORATION'S (EB) TEST TOOLS PRODUCT BUSINESS TO ANITE PLC HAS BEEN COMPLETED 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 ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Elektrobit Oyj via Thomson Reuters ONE HUG#1674652
Elektrobit Oyj : THE SALE OF ELEKTROBIT CORPORATION'S (EB) TEST TOOLS PRODUCT BUSINESS TO ANITE PLC HAS BEEN COMPLETED
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