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Eurotech Announces Acquisition of Californian Company Dynatem, Inc. - Eurotech, announces that on May 31st it will finalise the acquisition of the company Dynatem, Inc
Eurotech Announces Acquisition of Californian Company Dynatem, Inc.

 

PRZOOM - /newswire/ - Amaro, Italy, 2011/05/23 - Eurotech, announces that on May 31st it will finalise the acquisition of the company Dynatem, Inc.

   
 
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Eurotech, a leading supplier of embedded technologies and pervasive computing devices, announces that on May 31st it will finalise the acquisition of the company Dynatem Inc., that will be included in the consolidation perimeter of the Group starting from June 1st.

Dynatem Inc, based in Mission Viejo in California, operates since 1981 in the embedded computers market and specifically in the VME, VPX and CPCI boards segment, with a turnover in 2010 of about USD 3.6 million.

Eurotech will acquire 100% of the share capital of Dynatem Inc. for an enterprise value of about USD 1.9 million (equal to about Euro 1.3 million). The transaction will be settled in cash.

“With the acquisition of Dynatem we will consolidate our presence in the United States, adding the West Coast to our geographical footprint, and we will acquire expertise and know-how on the emerging VPX standard” said Roberto Siagri, President and CEO of Eurotech. “The long tradition of this company on VME and CPCI platforms will also give us the possibility to create further synergies between US and Japan”.

About Eurotech

Eurotech (eurotech.com) is a leading international group active in the research, development and marketing of miniaturised computers (NanoPCs) and in high performance computers (HPC).

 
 
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Agency / Source: Eurotech Group / Eurotech S.p.A.

 
 

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Eurotech Announces Acquisition of Californian Company Dynatem, Inc.

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Contact: Cristiana della Zonca - Eurotech.com 
+39 0433 485411 cristiana.dellazonca[.]eurotech.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Eurotech Group / Eurotech S.p.A. securities in any jurisdiction including any other companies listed or named in this release.

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