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Dynavox Group AB (publ) (“Dynavox Group”) has today completed thepreviously announced acquisition of the Australian reselling partners Link Assistive Pty Ltd and Link Assistive New Zealand Limited (together “Link Assistive”). The transaction was announced on 13 May 2024.
Dynavox Group has completed the acquisition of Link Assistive, the leading supplier of communication aid solutions and services to customers in Australia and New Zealand. The acquisition brings the company closer to its customers in the Australian and New Zealand markets, supporting people with disabilities to communicate more effectively.
Today, the upfront consideration of AU$8 million has been paid in cash and financed mainly through an existing revolving credit facility and with Dynavox Group’s own cash. Additionally, a potential earn-out consideration of up to AU$5 million in cash may be paid to the seller based on financial performance during a period of two years after completion of the transaction.
Dynavox Group AB (publ) is the parent company for Tobii Dynavox, the global leader in assistive communication. Headquartered in Stockholm, and listed on Nasdaq Stockholm (DYVOX), Dynavox Group, together with its brands has over 700 employees and serves customers in 65+ countries. Tobii Dynavox’s 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, mounting solutions, training, and dedicated support. We offer extensive funding expertise to facilitate funding for as many people as possible. As voice and motor impairments are common among our users, our solutions are accessed via alternative methods, such as eye gaze or touch screen. Using AI-based speech synthesis, we offer users a personalized voice identity in over 30 languages, for children and adults.
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