Prevas acquires Vironova AB's subsidiary BitSim NOW AB
Prevas has signed an agreement for the acquisition of 100 percent of BitSim NOW AB. BitSim NOW is a consulting firm in Stockholm with 35 employees focusing on innovative product development.
BitSim NOW has a long history of conducting embedded systems projects and complex product development. Examples of areas of strength are digital cameras, image processing and vision technology as well as FPGA circuit development. Customers are in segments such as medtech, defense and telecom, where performance and reliability are essential.
“The divestment of BitSIM NOW AB to Prevas is another step in refining Vironova AB's business strategy with an increased focus on growth in our transmission electron microscopy service related business" says Mats Persson, Chairman of the Board Vironova AB. “At the same time, it is extremely gratifying to see all employees within BitSim NOW to be incorporated into such an innovative and mature company that combines innovative technology with business development enabling sustainable and holistic growth.”
And to quote Philip Nyströmer, CEO of BitSim NOW AB. “We are happy to join as a node in Prevas’ network.” “This gives us good opportunities to further develop our operations and we see tremendous potential in refining and combining our excellence with Prevas' strengths.”
The acquisition of 100 percent of BitSim NOW AB will be finalized on 1 May 2022.
Prevas is a development hub with ingenuity at its core. With high technical expertise and deep business understanding. Prevas help customers from a wide variety of industries to benefit through continuous technological innovation. Good for people, the planet and profits. Prevas was established in 1985 and currently employs 800 people in Sweden, Denmark and Norway. Prevas has been listed on NASDAQ Stockholm since 1998. For more information about Prevas, visit www.prevas.com.
About BitSim NOW AB
BitSim NOW develops advanced embedded systems with sensors and processing for its customers. Cameras, vision technology and edge computing are frequently developed by well-trained and experienced staff. In addition to its unique expertise, the company has a well-equipped laboratory. The company is located in Stockholm. For more information, visit www.bitsimnow.se
20 April, 2022