The deal is expected to add a small positive contribution to the earnings of the Enea AB during 2016. The deal consists of an upfront payment of 1.3 MUSD and an earn-out component over three years corresponding to the development of the acquired business, capped at 2.2 MUSD.
Centered Logic's ElementCenter, is a powerful software platform and complementary addition to Enea’s suite of products for the networking industry, providing the networking industry with a unique end-to-end solution to challenges in management, virtualization, and orchestration. The deal is estimated to be completed in January 2016.
Anders Lidbeck, President and CEO, Enea aB, said in a statement: "I am happy to announce the acquisition of a small but fast growing and very interesting extension of our offering in the area of management and orchestration of physical and virtualized networks. Together with our existing Enea Element product line, ElementCenter will also add to the capabilities of our Enea COSNOS platform for developing and managing next generation network functions.”
Founded in 1968 and based in Kista, Sweden, Enea is a global supplier of network software platforms and real-time operating system solutions, including middleware, tools, databases, and world class services, with a vision to enable communication everywhere.
In addition, Enea also has a global services operation offering end to end development and support for technology products, which includes design, development, testing and maintenance, and off-shoring. Enea has proven expertise in testing and testing training, telecom applications, and safety and certification. Enea has offices in Europe, north America and Asia, and are listed on NASDAQ OMX Nordic Exchange Stockholm AB.
Image credit: Enea AB