Press release
21 December 2017, 18:30
Sdiptech acquires Optyma Security Systems Limited
As of today, Sdiptech has entered an agreement to acquire all shares in Optyma Security Systems Limited. The company is based in Bexleyheath, just outside of London. The acquisition is expected to be completed in January 2018.
Optyma is a principle provider of integrated security systems for public and private environments, including security-classed national infrastructure. Customers are found in sectors such as police, healthcare, transportation and commercial real estate. Net sales for the 2016 financial year amounted to approximately GBP 6.4 million and operating income to approximately GBP 1.1 million.
Jakob Holm, CEO, Sdiptech, comments:
"Optyma is our first acquisition in London and the UK, in line with Sdiptech's strategy to extend the Group's offer to additional growing cities in Europe. Optyma's offer is well positioned to meet growing demand for security solutions in society. Through Optyma, we also take our first step into building automation, a growing niche market within our focus on urban infrastructure."
John Fitzgerald & Graham Pollard, Optyma Security Systems Limited, comments:
"Through Sdiptech, we enter a new phase in the development of the company. With the help of a long-term owner such as Sdiptech, we can continue to increase our service offering and expanding our business."
Sdiptech's total revenue, on an annual basis before acquisitions yet to be completed, amounts to approximately SEK 1,169 million and EBITA on an annual basis to approximately SEK 153 million. For companies that have been under Group ownership for less than a year, the latest annual accounts have been added to the Group's earnings from other companies, based on their outcome in the past four quarters. The company is valued at GBP 6.3 million on acquisition, and the total purchase consideration, including future performance-based additional purchase considerations over five years, will reach a maximum of GBP 8.2 million, which requires very good growth in operations.
Sdiptech AB's ordinary Series B share is traded under the short name SDIP B with ISIN code SE0003756758.
Sdiptech AB's preferred shares are traded under the short name SDIP PREF with ISIN code SE0006758348.
Sdiptech AB's Certified Adviser at Nasdaq First North Stockholm is Erik Penser Bank. Further information is available on the company's website: www.sdiptech.com
For additional information, please contact:
Carl Johan Åkesson, CFO, +46 708 30 70 57, cj.akesson@sdiptech.com
Jakob Holm, CEO, +46 761 61 21 91, jakob.holm@sdiptech.com
Sdiptech AB is a technology group with a primary focus on urban infrastructures. The Group offers deeply niched services and products for both expanding and renovating rapidly growing metropolitan areas. The company is based in Stockholm.
Sdiptech AB (publ) is required to disclose this information pursuant to EU Market Use Regulation 596/2014. The information was provided by the above contact persons for publication 21 December 2017 at 18:30 CET.
