SQUEED MEANING DRIVER
SQUEED MEANING SOFTWARE

Read more on may be found at the beginning of a number of English verbs that suggest an action of compressing or contracting, such as 'squeeze', 'squint', 'squinch', 'squash', 'squish', and 'squat'.Īlthough Jessica Williams was arguably underused as the low-key Karen, who didn’t squee upon seeing the erstwhile Daily Show contributor working with Hannah in GQ’s advertorial department?

The company has 95 employees and offices in Göteborg, Stockholm and Oslo.

SQUEED MEANING SOFTWARE

Studio – provision of software teams as a service. Agile – agile coaches that help organisations achieve greater flexibility. Net, cloud services, Frontend, UX as well as test and quality assurance. Operations are conducted in three business areas: Tech – software development based on Java. Squeed provides digital services through innovative and qualified IT consultants and agile coaches. Read more about Semcon’s and Squeed’s next step. ġ) Based on the average volume-weighted price paid 20 trading days prior to signing the share purchase agreement. The information was submitted for publication through the agency of the contact person above at 11.30 a.m. This information is information that Semcon AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. Semcon expects the acquisition to have a positive impact on earnings per share in 2021.

The purchase price is adjusted for normalised working capital, and Semcon is measuring the entire purchase price, including earn-outs, at fair value at the date of transfer on. The share portion will be met using existing holdings of own shares and the authorisation permitting the transfer of own shares that the Annual General Meeting resolved to provide the Board of Directors on 29 April 2021. The cash portion of the purchase price will be financed using available funds in Semcon. In addition, earn-outs, paid in cash, may amount to a maximum of SEK 39 million if the operating profit exceeds certain benchmark levels during 2021-2023. The purchase price for 100 per cent of the shares, on a cash and debt-free basis, initially amounts to SEK 61 million, of which SEK 56 million will be paid in cash and SEK 5 million will be paid in the form of 42,585 shares in Semcon 1). In terms of culture, we are an outstanding match as we are both development-oriented, people-first companies that share a passion for value-generating technology,” says Squeed’s President Ola Klasson. As a part of Semcon, we will work on new exciting projects that combine digital and physical solutions. “Squeed’s employees are accustomed to working on projects that span across innovation and business development to implementation.

In 2020, sales amounted to SEK 105 million and operating profit to SEK 14 million, yielding an operating margin of 13 per cent. Squeed, which will join Semcon’s Engineering & Digital Services business area, has 95 employees and strengthens Semcon’s presence mainly in Göteborg and Stockholm, but also in Oslo. This generates opportunities for us to work with customers in new industries, such as retail, finance & insurance and media,” says Markus Granlund. “The acquisition of Squeed will complement the Group’s existing digital offering in, for example, AI and smart products with additional cutting-edge expertise in full-stack development and cloud services.

SQUEED MEANING DRIVER

It is a strong driver of change and creates new opportunities for more sustainable and user-friendly digital solutions. Digital technology is rapidly changing products and services and the digital transformation is impacting every industry and end user.

Squeed meaning