Elektrobit Group Oyj - ELEKTROBIT CORPORATION'S (EB) DECOMSYS SHARES PURCHASE HAS BEEN CLOSED
June 29, 2007
ELEKTROBIT CORPORATION'S (EB) DECOMSYS SHARES PURCHASE HAS BEEN CLOSED
PRESS RELEASE
Free for publication on June 29, 2007 at 3.15 pm. (EEST)
ELEKTROBIT CORPORATION'S (EB) DECOMSYS SHARES PURCHASE HAS BEEN CLOSED
Elektrobit Corporation (EB) announced June 14, 2007 a share purchase agreement under the terms of which it shall purchase 100 per cent of the shares in DECOMSYS Beteiligungs GmbH. The transaction has been closed on June 29, 2007.
June 29, 2007
Elektrobit Corporation
Pertti Korhonen
CEO
FURTHER INFORMATION:
Seppo Laine
CFO
EB
Tel. +358 40 344 2250
DISTRIBUTION:
OMX Helsinki
Principal media
Elektrobit Corporation, EB
EB creates advanced technology and turns it into enriching end-user experiences. EB is specialized in demanding embedded software and hardware solutions for automotive and wireless technologies. The net sales for the year 2006 totalled MEUR 181.5. Elektrobit Corporation is listed on OMX Helsinki.
www.elektrobit.com
DECOMSYS
DECOMSYS GmbH is a solutions provider for FlexRay, the new high performance network communications protocol standard for automotive electronics, and AUTOSAR (Automotive Open System Architecture) next generation standard software. FlexRay enables new features and applications for more safety, economy, fun, and comfort in the car. Engineers at OEMs and Tier 1 suppliers around the world use DECOMSYS design tools, monitoring solutions, and prototyping hardware. They also count on the comprehensive services, e.g. engineering, trainings, chip design, testing, and customized software development. As an active member of both the FlexRay Consortium and AUTOSAR, DECOMSYS is especially proud to be a basic software provider for the first FlexRay series projects. Headquartered in Vienna, Austria, DECOMSYS has a subsidiary in Germany and in the USA.
