Prevas continues to grow in the area of embedded systems — signs LOI to acquire company located in Lund
Prevas has signed a letter of intent (LOI) regarding the acquisition Emfila Software AB, located in Lund. The company has specialist expertise in embedded systems, which further solidifies Prevas´ position as a Nordic leader in this area.
Embedded systems are an important component of almost all advanced products in our everyday lives, including cellular phones, home electronics, cars and airplanes. Emfila Software provides software specialists in the area of embedded systems to customers in the region. The company has 15 employees in Lund and the acquisition contributes to Prevas´ ongoing expansion in product development and embedded systems.
"The trend to make the development process for products more efficient continues. It is of increasing importance to develop products more quickly and at a lower cost. There is an increased demand from our customers to provide them with this type of competitive advantage. For this reason, it is strategically important that Prevas strengthens its offering and presence in the Skåne and Öresund regions," says Anders Malmby, Senior Vice President of Product Development Sweden, Prevas AB. Emfila Software provides specialists in embedded systems and its profile complements Prevas' operations very well.
"We look forward to joining Prevas and making a contribution towards strengthening the company's development in the area of embedded systems. We are a good complement to the Prevas office in Malmö. The acquisition will enable us to improve our offering to both employees and customers. In addition, the company culture and focus at Prevas is quite similar to Emfila's, which should make for a smooth integration process," says Lauri Piitulainen, President of Emfila Software.
Embedded systems are an important component of almost all advanced products in our everyday lives, including cellular phones, home electronics, cars and airplanes. Emfila Software provides software specialists in the area of embedded systems to customers in the region. The company has 15 employees in Lund and the acquisition contributes to Prevas´ ongoing expansion in product development and embedded systems.
"The trend to make the development process for products more efficient continues. It is of increasing importance to develop products more quickly and at a lower cost. There is an increased demand from our customers to provide them with this type of competitive advantage. For this reason, it is strategically important that Prevas strengthens its offering and presence in the Skåne and Öresund regions," says Anders Malmby, Senior Vice President of Product Development Sweden, Prevas AB. Emfila Software provides specialists in embedded systems and its profile complements Prevas' operations very well.
"We look forward to joining Prevas and making a contribution towards strengthening the company's development in the area of embedded systems. We are a good complement to the Prevas office in Malmö. The acquisition will enable us to improve our offering to both employees and customers. In addition, the company culture and focus at Prevas is quite similar to Emfila's, which should make for a smooth integration process," says Lauri Piitulainen, President of Emfila Software.
Prevas has more than 20 years of experience developing advanced embedded systems and has developed more than 2,000 successful products enabling many of its customers to become global leaders in their respective areas.
For additional information, contact
Anders Malmby, Senior Vice President Product Development Sweden, Prevas AB
Phone: +46 (0) 32 86 27, Mobile: +46 (0) 730 52 22 65
E-mail: anders.malmby@prevas.se
Lauri Piitulainen, President of Emfila Software AB
Mobile: +46 (0) 735 01 10 17
E-mail: lauri.piitulainen@emfila.com
