Notes to Group Financial Statements — All amounts are in CHF 1000
There were no changes in the scope of consolidation in the first half year 2022.
The remaining payment of CHF 0.2 million was paid in April 2022 from the acquisition of ROADMap Systems Ltd., Cambridge, UK in 2021.
In February 2021 final payment of CHF 0.1 million was made for the acquisition of Inwave Elektronik AG, Reute in Switzerland (acquired in 2017) and the goodwill was adjusted by CHF 0.3 million, as the deferred purchase price was CHF 0.4 million.
On 30 April 2021 HUBER+SUHNER acquired ROADMap Systems Ltd., a technology start-up located in Cambridge, UK, through an asset deal. The company is developing the next generation of highly integrated wavelength-selective switch technology and is integrated into the Communication segment. At the time of acquisition, the fair values of net assets acquired according to Swiss GAAP FER were as follows:
Effect of acquisition |
|
Fair Value |
|
|
|
Property, plant and equipment |
|
44 |
Deferred tax asset |
|
230 |
Acquired net assets |
|
274 |
The goodwill from the acquisition of ROADMap Systems Ltd, which was offset with equity, was CHF 1.2 million. The total purchase price (including acquisition costs) was CHF 1.5 million. Considering the remaining payment of total CHF 0.3 million, the net cash outflow was CHF 1.2 million.