Elisa and Swedish Polystar Instruments AB have signed an agreement in which Elisa acquires 100 per cent of Polystar OSIX AB and affiliated companies shares. Polystar OSIX is a global provider of analytics, assurance and monitoring software solutions for mobile operators. Combining Polystar OSIX’s analytics expertise with Elisa’s automation capabilities enables the development of new and innovative services internationally.
The acquisition price is EUR 70 million (cash and debt-free EV). The agreement includes also an additional acquisition price, max EUR 5 million, if growth targets are achieved. Polystar OSIX’s revenue was approximately SEK 395 million and EBIT approximately SEK 67 million (fiscal year ending April 2019, unaudited).
Mikael Grill, CEO of Polystar OSIX, says: “Elisa Automate has a unique vision for mobile network automation. Joining Elisa offers us more resources for innovations and development. Our products are already being used by more than 100 operators globally, and we look forward to strengthening our offering further, bringing significant value to our customers.”
Polystar OSIXs strong global customer operations provide international reach for Elisa Automate innovations. The transaction is consistent with Elisa’s strategy to grow digital businesses internationally and Polystar OSIX will continue as a subsidiary of Elisa.
Kirsi Valtari, VP Elisa Automate says: “Polystar OSIX is a recognised telco software company with market leading analytics and service assurance offering, skilled experts and international customers, which will accelerate the Elisa Automate business. By joining forces, Polystar OSIX customers will benefit from more resources, strengthening the product portfolio further with innovative solutions based on machine learning and automation.”