Nordic Business Report-August 15, 2006-Pricer AB completes acquisition of Eldat Communication Ltd
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The Swedish electronic store display and information systems supplier Pricer AB said on Monday (14 August) that it has completed its previously announced acquisition of the international electronic shelf label systems supplier Eldat Communication Ltd.
Pricer acquired Eldat Communication for 261.8m new shares of Pricer.
Eldat Communication, headquartered in Tel Aviv, Israel, has 45 employees and reported a turnover of USD17.2m in 2005.
Pricer said earlier that the merger of the two companies will create a strong international player with a 60% share of the global market within advanced electronic shelf labels for the retail industry. The combined company has some 160 employees and a turnover of SEK454m.
One US dollar (USD) is worth approximately 0.54 British pounds (GBP). One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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