M&A Activity • Jan 2, 2012
M&A Activity
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Press release Paris, January 2nd, 2012
To strengthen its Swedish activity (more than 800 employees), Alten has entered into a binding agreement for the purchase of Enea "High Tech division".
Enea "high tech" is a Nordic consulting organization with consultants in telecom, automotive, medical, industrial automation, finance,…
By joining the forces of Enea "high tech" and Alten – Xdin, Alten is creating one of the strongest player on the Swedish technology market, offering a wide range of expertise such as Mechanical Engineering, Electronics, Embedded Systems, Software and Telecommunication Development, Test and Quality, …
For 2011, the revenue of Enea "high tech division" is expected to reach 260 MSEK (IFRS standards). The 250 consultants are located in Stockholm, Linköping and Öresund. The settlement of the financial details will be based upon the company's audited financial statements for 2011 and should take place during Q1 2012.
As the European Leader in Technology Consulting and Engineering, ALTEN carries out design and research projects for the technical and IT divisions of major clients in industry, telecoms and services. ALTEN's stock is listed on 'Compartiment B' of the Euronext Paris stock exchange (ISIN FR0000071946). It is part of the SBF 120, the IT CAC 50 and MIDCAP 100 indexes and is eligible for the SRD.
For more information: www.alten.fr Contact: [email protected]
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