Brief: Tempest Security Reorganises

Tempest Security AB

09/12/2021 09:16

Dec 9 (Reuters) - Tempest Security AB  TSEC.ST :
    * TEMPEST SECURITY IS REORGANIZING TO MEET FUTURE GROWTH
    * ASSESSMENT IS THAT A SIGNIFICANT PART OF GROUP'S FUTURE
INTERNATIONAL GROWTH WILL BE ACQUISITION-DRIVEN
    * WILL BE CREATING A SMALL, FLEXIBLE AND AGILE PARENT
COMPANY AND
GIVING  SUBSIDIARIES INCREASED INDEPENDENCE
    * COSTS OF IMPLEMENTING CHANGES ARE ESTIMATED TO AMOUNT TO
ABOUT
SEK 7.5 MILLION, WHICH WILL BE PARTLY CHARGED IN Q4 2021
    * WORK ON CHANGES BEGINS TODAY AND WILL BE FULLY OPERATIONAL
AFTER
Q2 OF 2022
    * ESTIMATES ANNUAL SAVINGS TO AMOUNT TO ABOUT SEK 6.5
MILLION,
WHICH IS EXPECTED TO GIVE FULL EFFECT FROM Q3 2022

Source text for Eikon:  ID:nBQN8v2MHX 
Further company coverage:  TSEC.ST 

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