ARM Architecture

Prevas buying BitSim NOW AB


Apr 20, 2022 — Prevas has signed an settlement for the acquisition of one hundred pc of BitSim NOW AB. BitSim NOW, with its 35 staff, is a consulting agency in Stockholm that focuses on product growth.

BitSim NOW has an extended historical past of conducting embedded programs tasks and complicated product growth. Examples of areas of power are digital cameras, picture processing and imaginative and prescient know-how in addition to FPGA circuit growth. Clients are in segments equivalent to medtech, protection and telecom, the place efficiency and reliability are important.

“It is a good and complementary addition to our ambitions to consolidate our place as a premium provider in superior product growth,” says Hans-Erik Wikman, regional supervisor at Prevas in Stockholm. “Not least, we’re additional strengthening our potential to tackle product growth tasks by which we take accountability for every little thing from innovation to growth after which verification, testing and preparation for manufacturing.”

“We’re joyful to affix as a node in Prevas’ community,” says Philip Nyströmer, CEO of BitSim NOW AB. “This provides us good alternatives to additional develop our operations and we see super potential in refining and mixing our excellence with Prevas’ strengths.”

“The engineering tradition at BitSim NOW is essential to us and we welcome our new colleagues and their companions and clients. Collectively, we’ll guarantee optimistic growth for all stakeholders. I’m additionally happy that Prevas’ largest area, which is able to now have greater than 250 staff, can develop by way of acquisitions similtaneously we now have a very good influx of certified candidates,” concludes Hans-Erik Wikman.

The acquisition of one hundred pc of BitSim NOW AB might be finalized on 1 Might 2022 and is predicted to have a marginal affect on Prevas’ earnings per share within the present monetary 12 months.

About Prevas

Prevas is a growth hub with ingenuity at its core. With excessive technical experience and deep enterprise understanding, we assist clients from all kinds of industries to profit by way of steady technological innovation. Good for folks, the planet and earnings. Prevas was established in 1985 and at present employs 800 folks in Sweden, Denmark and Norway. Prevas has been listed on NASDAQ Stockholm since 1998. For extra details about Prevas, go to www.prevas.com.

About BitSim NOW AB

BitSim NOW develops superior embedded programs with sensors and processing for its clients. Cameras, imaginative and prescient know-how and edge computing are continuously developed by well-trained and skilled workers. Along with its distinctive experience, the corporate has a well-equipped laboratory. The corporate is positioned in Stockholm. For extra info, go to www.bitsimnow.se.

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