Anite completes acquisition of Elektrobit's Propsim portfolio
FTSE 250-listed software solutions provider Anite has completed its acquisition of the Propsim channel emulation product set of Finnish company Elektrobit.
FTSE 250-listed software solutions provider Anite has completed its acquisition of the Propsim channel emulation product set of Finnish company Elektrobit.
The product set comprises a range of radio channel emulation hardware and software products, as well as associated research and development capability. It also includes sales and marketing capacity and fulfilment resources.
In the year to December 31st 2011, Elektrobit announced revenues of €14.1m with a pro-forma €1.5m operating profit for Propsim.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In the year to December 31st 2012 revenues are expected to be reported at €16.1m with an operating profit of €1.3m.
MF
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Best funds to add to your ISA or SIPP before the Budget
With Labour expected to increase taxes, ISAs and SIPPs could be a great way to protect yourself from any CGT hikes. We look at the best funds to buy now
By Katie Williams Published
-
Starling Bank slapped with £29 million fine over ‘shockingly lax’ financial crime controls
The Financial Conduct Authority has fined Starling Bank £29 million over failings related to financial crime and its financial sanctions screenings
By Kalpana Fitzpatrick Published