The IT and Medical Technology company Sectra has acquired the Finnish consulting company, EXP Analytics.
EXP Analytics specializes in conducting analyses, as well as preparing strategies and solutions for information and cyber security on behalf of public authorities in Finland. The company has six employees and annual sales amount to approximately EUR 1 million.
The acquisition will strengthen Sectra’s presence in Finland.
“Finland is an attractive market, where we foresee growth potential for our security solutions and services. The acquisition of EXP Analytics will provide us with local resources and expertise to deliver secure communications to Finnish customers,” says Michael Bertilsson, President of Sectra’s Secure Communications business area.
The acquisition is in line with the Group’s strategy to expand in the areas and regions where the company commands an established position. This will be done primarily through organic growth, supplemented by acquisitions that also strengthen the Group’s organic growth. The operation will be transferred to the Finnish subsidiary, Sectra Communications Oy, which is included in Sectra’s Secure Communications business area.
The acquisition will not have any material impact on Sectra’s sales and earnings. The transaction is being financed using Sectra’s own funds and includes a cash consideration and additional purchase consideration. Sectra will take over on September 30, 2015.