© Data Respons Embedded | December 19, 2019
AKKA to acquire all shares in Data Respons
AKKA Technologies will offer to acquire all of the shares of Data Respons through a voluntary cash offer of NOK 48.00 per share. The Board of Directors of Data Respons has unanimously decided to recommend to accept the Offer.
The consideration offered will be NOK 48.00 per Data Respons share. The Offer Price represents a premium of approximately 20% to the closing price of Data Respons on 18 December 2019. At the time of this announcement, shareholders representing approximately 43% of the total share capital of Data Respons have already given their pre-acceptances to the Offer, subject to customary conditions. This includes pre-acceptances from each of the members of the Board of Directors and executive management holding shares in Data Respons, which represent approximately 7% of Data Respons’ issued share capital. Kenneth Ragnvaldsen, CEO of Data Respons said: “The proposed acquisition of Data Respons, by AKKA, gives our team an increased potential for development and the two companies are definitively a good strategic match. We share the same values as well as the passion for innovation as AKKA. This transaction can create value for our customers and is an outstanding opportunity to showcase the talent of our fantastic employees, which is the heart, soul and value of our company.” Mauro Ricci, Founder, Chairman and CEO of AKKA, commented: “This project is a true game changer as we will create Europe’s largest digital Industrial Internet of Thing (IIOT) powerhouse.” The combined capability will add power and expertise in digital, communication, connectivity, cloud and engineering. It will transform AKKA’s leadership in connected products for the mobility sector and IoT systems for Digital manufacturing with technologies such as IIoT, embedded JAVA, and the fast-growing Electronic Control Units (ECU) for the mobility sector. “Data Respons’ full front-end and back-end software development capabilities along with embedded software & connectivity solutions will considerably boost AKKA’s digital strategy and generate considerable commercial synergies”, Mauro Ricci concluded.
Raytheon Intelligence & Space to acquire SEAKR Engineering Raytheon Technologies has signed a definitive agreement to acquire privately-held SEAKR Engineering, Inc. Closure of the acquisition is subject to the completion of customary conditions and regulatory approvals.
BASF and CATL to develop European supply chain BASF SE (BASF) and Contemporary Amperex Technology Co., Limited (CATL) signed a strategic partnership on battery materials solutions, including cathode active materials (CAM) and battery recycling.
Sponsored content by Shenzen Kinwong ElectronicThe development trend of printed circuit board products and Kinwong's solution With the rapid development of electronic technology in recent years, printed circuit board (PCB) products are pursuing higher heat dissipation capabilities, with high voltage and high current characteristics, and are developing towards high-density interconnection technology (HDI).
Power outage in Dresden affects Bosch und Infineon Production is running again at all three major chip manufacturers in Dresden (Germany).
Passive components see increasing lead times Capacitor, resistor and inductor markets all showed signs of increased demand in August 2021, with lead times for all three product lines reaching new heights.
Dutch startup Axelera AI launches with USD 12M Seed Round AI semiconductor startup Axelera AI has successfully closed a seed investment round of USD 12 million. The round was led by emerging technologies leader Bitfury and joined by global nanoelectronics R&D center imec and deep-tech venture capital funds Innovation Industries and imec.xpand.
Sponsored content by KyzenThe Effects of pH: Cleaning Agent Properties and Performance in Production As cleaning agents evolve to meet customer and supplier environmental challenges, we take a closer look at the effect of pH cleaning agent properties and performance including material compatibility and rinsing behavior all while answering questions with SIR data.
Qualcomm wants to acquire Veoneer The automotive technology company Veoneer, Inc. confirmed that it has received an updated non-binding proposal from Qualcomm Incorporated
Ligentec and X-FAB sign partnership agreement Ligentec and specialty semiconductor producer X-FAB Silicon Foundries have announced a strategic partnership for the large-scale supply of integrated photonic devices.
NEC Energy Solutions becomes part of LG Energy Solution NEC Corporation has transferred all shares in NEC Energy Solutions, Inc., a consolidated subsidiary, to LG Energy Solution, Ltd.
Sponsored content by Nordson ELECTRONICS SOLUTIONSThere’s a better way to dispense thermal gap filler. We hear a lot about the advancement, properties, and use of dispensable thermal interface materials (TIM) to keep devices cool. But what about the dispensing process? If you're choosing a dispensable thermal gap filler for your application, download our new guide.
XJTAG signs Nordic distribution deal XJTAG has signed a distribution agreement with Nohau Solutions AB of Malmö, Sweden.
Ericsson to close Nanjing research centre The Swedish telecom giant confirms to South China Morning Post that it will divest its product research and development activities in Nanjing by November 2021.
GaN Systems signs agreement with BMW Group GaN Systems has signed a capacity agreement with BMW Group. Under the terms of the agreement, GaN Systems is to provide capacity for multiple applications in series production.
Top15 semiconductor sales leaders 3Q21 forecast The big three memory IC suppliers—Samsung, SK Hynix, and Micron—are each expected to post a 10% increase and Kioxia is anticipated to show an 11% jump in 3Q21 sales.
Germany hands over EUR 120 million to Tesla The German Federal state of Brandenburg wants to contribute EUR 120 million to the funding of the planned Tesla battery factory in Grünheide near Berlin. The Ministry of Economy has confirmed that the Budget Committee has released this sum from the Future Investment Fund.
Volkswagen adds jobs in Germany Volkswagen Group Components opened a new laboratory for cell research and development in Europe in Salzgitter (Germany). From 2025 onwards, the Volkswagen unified cell is scheduled to roll off the production line in Salzgitter.
Sponsored content by KerafolHeat management – is shape of material important? Everyone knows how the cellphone looks like. From outside looking like a tiny box with shiny plastics and glass but deep inside it is much more complex. Housing, electronics, cooling system and screen are connected using various systems.
Memory suppliers, Sony, and TSMC benefit from strong demand and supply shortages For the third quarter of this year (ending in September), sales growth outlooks for the top-25 suppliers range from 16th-ranked Sony’s 34% increase at the high end, to Intel’s 3% decline on the low end.
Leoni's new Serbian plant to provide up to 5,000 jobs by 2023 Leoni has officially opened its fourth plant in Serbia, in the city of Kraljevo. The site is not only the biggest Leoni plant in Serbia, it also employs the largest number of people at full capacity (up to 5,000 by the end of 2023).
Lam Research expands in Oregon Lam Research plans to expand its manufacturing footprint in Oregon with a new 45,000 square foot facility in the city of Sherwood, planned to open in December 2021. The new facility is Lam’s fifth manufacturing site in the United States.
Optomec gets repeat order from existing customer Optomec announced that one of its long-time production customers purchased another five (5) Aerosol Jet 3D Electronics Printers, bringing its total count over time to 15 systems. The USD 1+ million order is part of a production ramp plan that will grow to more than 25 systems over the next 12 months.
RMS Power vs. Average Power Question: Should I use units of root mean square (rms) power to specify or describe the ac power associated with my signal, system, or device?
Ford India will cease manufacturing vehicles in India Ford India will cease manufacturing vehicles for sale in India immediately; manufacturing of vehicles for export will wind down at Sanand vehicle assembly plant by Q4 2021, and Chennai engine and vehicle assembly plants by Q2 2022.
Redlen becomes part of Canon Canon Inc. has reached an agreement with Redlen Technologies Inc. to conclude a share transfer agreement. Consequence: Redlen becomes a wholly owned subsidiary of Canon.Load more news