Semcon and Karamba Security Strengthen Its Position in Cyber Security with New Partnership Semcon Enters New Partnership with Sandvik SRP in Digital Product Information and Training Semcon Wins Contract To Manage Digital Product Information, Training Production Semcon Enters New Framework Agreement with GKN Aerospace Semcon AB Develops Digital Product Information for Polestar's Upcoming Car Model Semcon AB (publ) (OM:SEMC) completed the acquisition of Squeed Ab on May 11, 2021. Semcon expects the acquisition to have a positive impact on earnings per share in 2021.

As a part of acquisition, Squeed Ab's President Ola Klasson and its employees will join Semcon AB (publ). As on December 31, 2020, Squeed Ab generated revenues of approximately SEK 110 million and operating profit to SEK 14 million. As per the transaction Squeed Ab will become part of Semcon AB (publ)'s Engineering & Digital Services business area. The share portion will be met using existing holdings of own shares and the authorisation permitting the transfer of own shares that the annual general meeting resolved to provide the board of directors on April 29, 2021. The cash portion of the purchase price will be financed using available funds in Semcon AB (publ). In addition, earn-outs, paid in cash, may amount to a maximum of SEK 39 million if the operating profit exceeds certain benchmark levels during 2021-2023. As per the transaction, Semcon AB (publ) will pay initially amounts to SEK 61 million, of which SEK 56 million will be paid in cash and SEK 5 million will be paid in the form of 0.04 million shares in Semcon AB (publ). Semcon AB (publ) (OM:SEMC) acquired Squeed Ab for SEK 100 million on May 11, 2021.

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