Data Respons acquires Embedit

Clearwater Advisor

Norwegian Data Respons has acquired market leader Embedit in Denmark for 30 million DKK with an additional compensation based on the 2007 and 2008 results. The acquisition places Data Respons in the leading position of the Embedded Solutions market in Denmark. Embedit, founded in 2000, is a leading development company focusing on embedded hardware and software.

The company, with head offices in Copenhagen and and offices in Jutland, has a total of 35 employees. Embedit had at the time of the transaction revenues of 50 million DKK, and an EBIT of 6 million DKK.

Data Respons supplies Embedded Solutions to leading OEM companies, system integrators and vertical product suppliers in a range of market segments. Data Respons as is listed on the Oslo Stock Exchange (Ticker: DAT), and is part of the information technology index. The company has offices in Denmark, Finland, Norway, Sweden and Germany. At the close of the 2nd quarter 2006 the company had a total of 167 employees. .