German CamLine specializes in industrial production and quality management software.
Finland the largest telecom operator Elisa announces the acquisition of German software company CamLine. The purchase price is EUR 60 million, which Elisa will pay in cash.
CamLine specializes in industrial production and quality management software. Its international customer base includes, for example, semiconductor, electronics and medical device manufacturers.
Elisan The acquisition promotes its international digital services strategy and strengthens its position in industrial software, which focuses on connecting various devices and machines to the Internet and exploiting artificial intelligence.
In addition to the actual purchase price of EUR 60 million, the acquisition includes a possible additional purchase price of up to EUR 4 million, which will be paid within three years if the targets set for the transaction are achieved. The transaction has no effect on Elisa’s medium-term financial targets or ability to pay dividends.
CamLinen net sales were eur 20.8 million in 2019 and operating profit was eur 5.1 million. Founded in 1989, camLine is headquartered in Petershousen, Germany and employs 220 people in Germany, Romania, Hungary, Singapore, Malaysia, Indonesia, Taiwan and the United States.
“Elisa’s technological knowledge and machine learning expertise are impressive, and they are ready to support companies in digitizing production. We have ambitious common goals, and Elisa’s unique product range and machine learning and artificial intelligence capabilities will help us develop to become increasingly competitive in the growing smart factory market, ”says CamLine’s CEO Heinz Linsmaier in the bulletin.