Tobii Dynavox AB (publ) (“Tobii Dynavox”) has completed the previously announced acquisition of the German companies EIYott GmbH and Rehadapt Engineering GmbH & Co. KG (together “Rehadapt”).The transaction was announced on 30 June 2023.
Tobii Dynavox has completed the acquisition of Rehadapt. After entering the agreement, the purchase price has been adjusted to EUR 16.6 million on a cash and debt free basis. The payment for the acquisition is made in two instalments. Today, the first instalment, corresponding to 95% of the payment, has been made and the second instalment will be made within the coming quarter.
The payments are being made in cash and financed partly using own cash, partly using the extended term loan and using the existing revolving credit facility.
In addition to the purchase price of 16,6 MEUR, a potential earn-out consideration of up to EUR 3.5 million 12 months after closing of the transaction will be paid depending on the continued financial development of Rehadapt.
Tobii Dynavox is the global leader in assistive communication. Our custom designed solutions enable people with disabilities such as cerebral palsy, ALS, autism and spinal cord injury to communicate with a voice of their own, develop literacy skills and live more independently. To date, hundreds of thousands of people worldwide have benefited from our integrated solutions, which include hardware, software, clinically developed language systems, special education tools, training, and dedicated support. Using AI-based speech synthesis, we offer users a personalized voice identity in over 30 languages, for children and adults. We offer an extensive funding support system to reach as many people as possible. Headquartered in Sweden, Tobii Dynavox employs over 600 people with offices in the US, the UK, Ireland, Norway, Denmark, Belgium, France and China, and reselling partners in 60+ countries. For more information, please visit our IR website: Tobii Dynavox Investor Relations.
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