AWOX : update on the proposed merger between AwoX and a european society of automation

AwoX (Euronext – FR0011800218 – AWOX), a pure-player technologies and connected objects dedicated to the world of Smart Home (smart home), provided an update on its proposed acquisition of a european company in home automation in order to be a leading player in the Smart Home.

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On April 24, 2017, AwoX has entered into exclusive negotiations for the acquisition of 100% of the capital of a european company specialized in the design and distribution of electronic products and home automation wireless for the comfort and safety of home. The discussions continued since that date between the two sides have confirmed the strategic interest of the operation, which aims to build a (ETI-size business intermediary) european leader in the world of the Smart Home, and have not questioned the valuation chosen, ranging between€ 10 Million and a maximum of 12 M€, depending on the payment of price supplements. However, the proposed terms of the transaction continue to be the subject of discussions between the two parties, as well as with different partners, both financial and industrial.

The exclusivity enjoyed by AwoX in the framework of this acquisition project will end on 30 June 2017, in accordance with the letter of intent concluded by the end of April. Both companies have however agreed to continue informal discussions related to this approximation. AwoX will inform the market of the evolution of these discussions.

About AwoX

AwoX is a pure player of the technologies and connected objects dedicated to the world of Smart Home (smart Home). The group is a major player in the lighting connected, with the widest range of LED light bulbs smart and connected accessories for the home, and of the connected audio multi-room. These two worlds constitute the more dynamic segments of the market of the Smart Home.

The first company on the connected objects listed on the stock Exchange in Europe in 2014, AwoX has made the acquisition of Cabasse, the technology leader in electro-acoustics, mainly through its line of high-end speakers, acoustic products built for home and speakers high-fidelity connected. AwoX and Cabasse have given birth to a leader in the audio streaming top of the range dedicated to the world of the Smart Home.

AwoX has also established itself as the actor of reference of the technology of wireless connectivity around the world standard for the exchange of content to the home UPnP/DLNA. AwoX currently sits on the Board of directors of Bluetooth SIG and to the Board of directors of OCF.

AwoX markets its products to lighting and audio connected in more than 30 countries, and enjoys a global organization established with an industrial and commercial subsidiary in Singapore, as well as sales offices in the United States (Palo Alto), Europe (Montpellier and Brest), and Taiwan (Taipei).

Label : AwoX
ISIN Code : FR0011800218
Ticker symbol : AWOX
Number of shares comprising the share capital : 3 591 767
More information on – Twitter : @AwoX – Facebook : /AwoXStriim

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