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
-
8 of the best properties for sale with equestrian facilitiesThe best properties for sale with equestrian facilities – from a Georgian manor in Ceredigion, Wales, to a period farmhouse with an equine swimming pool in Banbury, Oxfordshire
-
Energy bills to rise by 1.2% in January 2025Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
