Qt Group to acquire IAR Systems Group for SEK 2.29 bn.

Qt Group, a Finnish software company specializing in cross-platform development tools, agreed to acquire IAR Systems Group, a Swedish developer of embedded software tools for SEK2.29bn. After an extensive evaluation, the Board believes that the Offer not only represents attractive value for IAR's shareholders, but also unites two businesses that are highly complementary to each other," Nicolas Hassbjer, IAR Chairman of the Board.