LONDON RTOS specialist Enea AB has bought, for $1.2 million, fellow Swedish software group QiValue Technologies, which specializes in embedded and enterprise Linux development.
Enea (Stockholm Sweden) said the deal would bolster its ability to offer Linux solutions and strengthen its software offering. It added the acquisition would contribute SEK 14 million (about $2 million) of additional revenues during 2007, while also contributing to margins.
QiValue, which has 13 employees, also in Stockholm, offers Linux services to equipment makers in the communications and medical industries.
Enea said the sum paid could increase, by an unspecified amount, depending on QiValue's financial performance until 2009.
"Enea’s acquisition of QiValue adds valuable Embedded Linux competence that will strengthen both our software products and services capabilities," said Johan Wall, president and CEO of Enea.