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Interesting move. My thoughts briefly:
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+a significant acquisition in terms of magnitude.
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+Economies of scale are starting to turn in Loihtee’s favor (if they can be utilized)
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+the company is clearly focusing on becoming a security company, which could finally give the diverse business an opportunity to transform into a more focused operation.
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-The purchase price is high, and for it to become reasonable, significant synergies must be realized. Unfortunately, the company has not been very successful with them so far. On the other hand, the security side has been successfully built into a profitable business in a few years. So, there are ingredients for success on that front.
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-In recent years, digital development has been integrated into “one company,” including the brand, and this has, at least in terms of numbers, caused significant damage. (If one looks at the size of the businesses acquired there, and how much staff is still reported to be left in them).
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±Now that the company is focusing on the security business, it seems increasingly clear that the digital business will eventually be spun off and sold to a new owner. The big question is whether it can still fetch a reasonable price from the market or if a buyer can be found at all.
In my opinion, this move turns positive if they manage to sell the digital business to a new owner, and then simplify the administration to match the organizational and cost structure of a single business (security).
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