Sylog Sverige AB, a subsidiary of Data Respons, has entered into an agreement to acquire 100 % of the shares in South Pole Consulting AB.
South Pole Consulting has 10 employees located in Stockholm and are experts in embedded Linux. The acquisition strengthens Sylog’s position as a leading player within embedded services in Stockholm.
South Pole Consulting expects a turnover of SEK 12 million for 2016 with an operating margin of approximately 10 %. The company will be consolidated into Data Respons’ financial statements from 2016.
An agreement has been reached for a cash consideration of SEK 2.8 million with additional payments depending on the company’s development over the next two years.