October 26th 2017
Norsk Elektro Optikk group (NEO) has entered into an agreement with
Swedish listed company Nederman Holding AB regarding the purchase of
all shares in NEO Monitors AS. The purchase price is approximately
402 MNOK, on a cash and debt free basis.
«The new capital base will allow us to initiate R&D projects of
high risk, provided we can identify an interesting commercial upside.
We are well positioned to efficiently commercialize current and new
says CEO Tore Gimse.
NEO group is already running projects with significant commercial potential, e.g., the group has a leading position in building hyperspectral cameras for numerous applications.
«We have developed NEO Monitors into a sound and profitable
enterprise. Our assessment that we could identify a buyer having
synergies who would be willing to pay significantly more for the
company than the value as part of our group turned out to be
correct. With Nederman as new owner we feel confident that NEO
Monitors and the employees will have great opportunities»,
says Erik Rosen (Chairman of the Board in NEO and the Foundation).
|Tore Gimse, CEO||Erik Rosen, Chairman|
|T: +47 67 97 47 00||M: +47 930 43 999|