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Tobii Interim Report for the Second Quarter 2021
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SWEDEN – Eye-tracking company Tobii is reviewing its structure and has begun plans to publicly list Tobii Dynavox, its division focused on assistive technology for communication.
Founded in 2001 and headquartered in Stockholm, Tobii consists of three divisions – Tobii Dynavox, Tobii Pro and Tobii Tech.
The company’s board of directors said splitting the group into two parts – Tobii Dynavox and merging the other two divisions – would “accelerate the long-term business growth and success of both entities”.
Tobii’s group chief executive, Henrik Eskilsson
(pictured), will step down from the role if the proposed spin-off goes ahead.
Eskilsson said: “We believe the time is right to create two separate publicly listed companies and enable increased focus on fulfilling their individual missions. I am pleased that we have reached the point where we are ready to take this step.”
Tobii Interim Report for the First Quarter 2021
Tobii AB (publ) today announced its results for the first quarter 2021
Comment by Tobii s CEO Henrik Eskilsson: During the first quarter, business activity continued to increase in all three divisions. However, the pandemic continues to have a substantial negative impact on sales and Tobii Dynavox was also negatively affected by supply chain disruptions.
Today we are announcing plans to create two independent companies - Tobii Dynavox and Tobii. Thanks to good performance and a strong outlook, we are now ready to take this step and I am optimistic about the potential to thereby create even stronger conditions for our long-term growth and success.
Tobii prepares to spin off Tobii Dynavox
STOCKHOLM, April 29, 2021 /PRNewswire/
The Board of Directors of Tobii today announced that it is conducting a review of the group s structure and has initiated work intended to prepare for a public listing of Tobii Dynavox, following distribution of its shares to the shareholders of Tobii, in accordance with the rules of Lex Asea[1].
Tobii s Board of Directors believes that a split of Tobii Group into two parts - one consisting of the division Tobii Dynavox and the other of a merge of the two divisions Tobii Pro and Tobii Tech - has the potential to further accelerate the long-term business growth and success of both entities, and hence create substantial shareholder value.
Tobii Interim Report for the First Quarter 2021
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