Enea completes acquisition of Openwave Mobility
On February 27, 2018, Enea AB (publ) (“Enea”) announced that it had signed an agreement to acquire Openwave Mobility, a company offering the industry’s most scalable NFV platform with solutions to mobile operators.
The acquisition has now been completed. As previously announced, the total consideration amounts to approximately USD 90M and is financed through cash at hand and the previously issued and announced bond loan of SEK 500M.
Openwave Mobility is headquartered in California and generated preliminary adjusted revenues of approximately USD 27M in 2017 and an EBIT of USD 3M. Through the acquisition, Enea expands its offer and addressable market. The acquisition is expected to be earnings per share accretive already in 2018. Openwave Mobility will be consolidated in Enea’s financial statements as from March 2018.
For more information of Openwave Mobility, visit www.owmobility.com.
For more information visit www.enea.com/investors or contact:
Anders Lidbeck, President & CEO
Julia Steffensen, Executive Assistant
Phone: +46 70 971 03 33
Enea develops the software foundation for the connected society. We supply open-source based NFVI software platforms, embedded DPI software, Linux and real-time operating systems, and professional services. Solution vendors, Systems Integrators, and Service Providers use Enea to create world-class networking products and services. More than 3 billion people around the globe already rely on Enea technologies in their daily lives. Enea is listed on Nasdaq Stockholm.
For more information: www.enea.com
Enea®, Enea OSE®, Netbricks®, Polyhedra®, Zealcore®, Enea® Element, Enea® Optima, Enea® LINX, Enea® Accelerator, Enea® dSPEED Platform and COSNOS® are registered trademarks of Enea AB and its subsidiaries. Enea OSE®ck, Enea OSE® Epsilon, Enea® Optima Log Analyzer, Enea® Black Box Recorder, Polyhedra® Lite, Enea® System Manager, Enea® ElementCenter NMS, Enea® On-device Management and Embedded for LeadersTM are unregistered trademarks of Enea AB or its subsidiaries. Any other company, product or service names mentioned above are the registered or unregistered trademarks of their respective owner. © Enea AB 2018