ACQUISITION OF CALIFORNIAN COMPANY DYNATEM INC
May 23 2011 - 2:55AM
Italian Regulatory (Text)
EUROTECH: ACQUISITION OF CALIFORNIAN COMPANY DYNATEM INC
Amaro (Italy) � May 23rd, 2011 � 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 (ETH.MI) is a global company based in Italy
and with offices and subsidiaries in Europe, North America and
Asia. The Eurotech group develops and markets miniaturised
computers for special use (NanoPCs) and computers featuring
elevated computing capacity (HPCs � High-Performance
EUROTECH spa Via F. Solari, 3/A 33020 Amaro (UD) - ITALY Tel. +39
0433 485411 � Fax. +39 0433 485455 ir@eurotech.com
www.eurotech.com
Computers). With these two product categories, Eurotech aims to
become a leader in the implementation of pervasive computing,
which, leveraging on Cloud IT infrastructure, is capable of
enabling an entire range of value-added services and functions in
the transport, logistics, defence, industrial and medical.
Company contacts: Investor Relations Andrea Barbaro Tel. +39 0433
485411 e-mail: andrea.barbaro@eurotech.com Media & Public
Relations Cristiana della Zonca Tel. +39 0433 485411 e-mail:
cristiana.dellazonca@eurotech.com
International Press Office Julian Rea, CitySavvy Tel. +31 20 794
4737 e-mail: eurotech@citysavvy.com
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