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Doro’s acquisition of Caretech AB

Lund, 2015-01-30 16:00 CET (GLOBE NEWSWIRE) --   
 
Doro has on 30 January completed the closing of the previously announced acquisition of Caretech AB with transfer of 63.7% of shares against cash payment.

The full completion of the transaction will take place after Doro’s Q4 report has been published on 13 February 2015, with, as previously announced, the option for Doro to pay, until end of February 2015, all or part of the remaining consideration to the sellers of Caretech AB in form of newly issued Doro shares.
 
Caretech AB’s management remains in place and is committed to continue their mission inside Doro group.
 
Further information will be published after full completion of the transaction.
 
For further information, please contact:
Doro President and CEO Jerome Arnaud, +46 (0) 2805005

About Doro
Doro AB is a Swedish public company formed in 1974.  It released its pioneering ‘easy-to-use’ mobile phone in 2007 and today is the global market-leader within the category. Doro products and solutions are available in more than thirty countries spanning five continents. These include; mobile phones and smart devices, applications and software, fixed line telephony, telecare and mobile health solutions.  Doro removes barriers to adoption of new technologies and holds numerous international awards in recognition of its product designs and innovations.  Doro shares are quoted on the Nasdaq OMX Stockholm exchange, Nordic List, Small Companies. Net sales of SEK 1,142.5 million (EUR 128.9 million) were reported for 2013. www.doro.com


This is information that Doro AB (publ) is required to publish in accordance with the Swedish Securities Markets Act and/or the Swedish” Financial Trading Act. This information was submitted for publication on 31 January 2015 at 4:00 p.m. CET.


 

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HEAD OFFICE

Doro AB
Magistratsvägen 10
226 43 Lund
Sweden
Phone 0046 46 280 50 00

Corporate identification number
556161-9429

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