Akka Technologies SE has announced an intention to put forward a voluntary offer for purchase of all shares in Data Respons ASA at a price of NOK 48 per share, corresponding to an aggregate valuation of Data Respons of approximately NOK 3.7 billion.
Akka Technologies is a leading player within engineering consulting and R&D services in the mobility segment. Akka Technologies is based in Belgium and listed both in Paris and Brussels. Data Respons is a full-service technology company and a leading player in the IoT, Industrial digitalisation and the embedded solutions market. Data Respons is listed on the Oslo Stock Exchange.
Shareholders owning approximately 43 % of the shares in Data Respons has pre-accepted the offer. The formal offer will be made through an offer document to be published during January 2020. Completion of the offer will amongst other be conditional upon acceptance from 90% of the shareholders in Data Respons, and clearance from the competition authorities in Germany.