Lund, Sweden –19 June, 2014 – Anoto Group AB, world leader in digital writing technology, is currently in advanced exclusive negotiations regarding the divestment of its paper based forms business which is supplying digital pen enterprise solutions to various vertical market sectors around the world including the health care sector in the UK. This potential divestment is a part of the Business Solutions operation within Anoto Group. Such a divestment would neither affect the Anoto Group operations in Asia, nor its technology licensing business.
The purpose of any potential transaction is to realize the full potential of the paper based forms business by having a strategic partner with strong funding and resource capability enabling a stronger marketing and sales focus. Anoto Group would subsequently become the supplier of products and components to such a partner. After such divestment the Anoto Group business would focus on embedded technology and OEM products for screens.
Any divestment will be subject to satisfactory terms and agreements, due diligence and Board approval and there can be no certainty that any transaction will materialize.
For further information please contact:
Stein Revelsby
CEO Anoto Group
+46 733 45 12 05
About Anoto Group
Anoto Group AB is a global leader in digital writing solutions, which enables fast and reliable transmission of handwriting into a digital format. Anoto operates worldwide through a global partner network that delivers user-friendly digital writing solutions for efficient capture, transmission, distribution and storage of data. Anoto is currently in use across multiple business segments, e.g. healthcare, pharmaceutical, bank and financial services, transportation and logistics, government and education. The Anoto Group has over 100 employees and is headquartered in Lund (Sweden), with offices in Basingstoke, Guildford and Wetherby (UK), Amsterdam (NL), Boston (US) and Tokyo (Japan). The Anoto share is traded on the Small Cap list of NASDAQ OMX Stockholm under the ticker ANOT.
For more information, please visit: www.anoto.com
Follow Anoto on Twitter at: @Anoto
