Blockchain Press Releases
Tobii Dynavox enters agreement to acquire Rehadapt Engineering, improving mounting solutions for communication aids
DANDERYD, Sweden, June 30, 2023 /PRNewswire/ — Tobii Dynavox AB (“Tobii Dynavox”), the world leader in assistive communication, has entered into an agreement to acquire all the shares in the German companies EIYott GmbH and Rehadapt Engineering GmbH & Co. KG (together “Rehadapt”). Rehadapt is a worldwide provider of mounting solutions for assistive technology. Tobii Dynavox will pay EUR 15 million in cash, on a cash and debt free basis. The transaction is subject to relevant regulatory approvals and other customary conditions, which are expected to be completed in the third quarter of 2023.
Background
Rehadapt is a premium provider of medically certified mounting solutions for assistive technology, including out-of-the-box and flexible solutions to support individual communication, independent mobility kits and customized accessories. Based on over 20 years of expertise and innovative development, Rehadapt has created a well-respected brand and a valuable asset base in the field of mounting solutions. Rehadapt’s products are currently sold together with Tobii Dynavox’s products as well as by many other companies in assistive communication. Rehadapt has approximately 50 employees and is headquartered in Kassel, Germany with a local subsidiary and distribution center in the United States. Rehadapt’s turnover in 2022 was approximately EUR 10 million with an adjusted EBIT margin of approximately 20%. The seller, Rehadapt’s CEO Uli Ehlert, will remain with Rehadapt for a period of at least one year.
Reasons for the acquisition
Tobii Dynavox considers the primary value creation resulting from this acquisition to arise from accelerated innovation and development of technologies for mounting solutions, which is often an integral part of assistive communication solutions. In addition, the acquisition creates the conditions for increased sales of both companies’ products.
“Our ultimate goal is to give all people with communication impairments a voice and the opportunity to be who they want to be,” says Fredrik Ruben, CEO of Tobii Dynavox. “Tobii Dynavox and Rehadapt have been successful partners for many years. The acquisition will deepen this relationship further, providing opportunities to create solutions that make it easier for our users to access and use their communication aids. Rehadapt has a best-in-class team and product portfolio and will remain an independent subsidiary to Tobii Dynavox that continues to serve and support all current customers and segments in an unchanged manner,” Fredrik Ruben, CEO of Tobii Dynavox continues. Tobii Dynavox and Rehadapt have highly complementary core areas of expertise. Tobii Dynavox’s core expertise is the development, sales and support of its clinically developed assistive communication, while Rehadapt’s core expertise is mounting solutions for assistive technology. By bringing together the expertise in these technologies, Tobii Dynavox can accelerate the development of solutions for the entire industry. Both Tobii Dynavox and Rehadapt have global sales networks that will open up opportunities to improve operational capabilities. Kassel, Germany is a premium location to service European countries efficiently.
“Tobii Dynavox and Rehadapt have a long successful history as partners with similar driving forces and cultures. Both companies have been built around exceptional products with a focus on enabling the best possible life for people with functional impairments” says Uli Ehlert, CEO of Rehadapt. “We are proud of what we have accomplished as a company and with Tobii Dynavox, I am confident we will find a great home for our staff, our products, our customers and the users. I’m very much looking forward to taking the next step in our journey,” Uli Ehlert, CEO of Rehadapt continues.
Purchase consideration, terms and conditions and timetable for the acquisition and financing
Tobii Dynavox, has today entered into an agreement with the sole shareholder, Mr. Uli Ehlert, to acquire all the shares in Rehadapt. The total purchase consideration for all the shares amounts to EUR 15 million paid in cash, on a cash and debt free basis. Additionally, a potential earn-out consideration of up to EUR 3.5 million 12 months after closing of the transaction will be paid depending on the continued financial development of Rehadapt. Closing is subject to relevant regulatory approvals and other customary conditions which is expected to be completed in the third quarter of 2023.
To finance this acquisition, Tobii Dynavox has increased its total credit facility with Swedbank to SEK 800 million by signing and extending its credit facility with an additional term loan of SEK 100 million. Tobii Dynavox will use this new term loan and its revolving credit facility to pay for this acquisition.
About the acquisition
Tobii Dynavox and Rehadapt have been successful partners for many years. The acquisition will deepen this relationship further, providing great opportunities to create solutions that make it easier for our users to access and use their communication aids. With a shared focus on supporting people who need assistive communication, both Tobii Dynavox and Rehadapt will benefit from accelerated innovation and development of technologies for mounting solutions, which are an integral part of assistive communication solutions. Rehadapt will run as an independent, fully owned, subsidiary to Tobii Dynavox under the current Rehadapt management.
This information is information that Tobii Dynavox AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted, through the agency of the contact person set out below, for publication at 08:15 CET, on June 30, 2023.
Contact: Linda Tybring, CFO, Tobii Dynavox, phone: +46 (0) 7068 14 980, email: [email protected]
The following files are available for download:
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Press release Tobii Dynavox enters agreement to acquire Rehadapt Engineering, improving mounting solutions for communication aids |
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https://news.cision.com/tobii-dynavox/i/julia-communication-aid-with-mount,c3196068 |
Julia communication aid with mount |
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DUBAI, UAE, March 12, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency, celebrates financial innovation with the Bybit USDT Festival in a series of events catering to diverse users. From Bybit Card holders to trading pros, Bybit users and community members are sharing over 1.5 million USDT in prizes through various rewards programs.
Festival Highlights
- USDT Derivatives Trading Challenge
Half a million USDT await qualified traders in USDT options and futures at the 500K USDT Derivatives Trading Challenge from now to Mar. 31, 2025. Participants will receive USDT bonuses based on their contributions to the total trading volume, regardless of profit and loss percentage. This inclusive structure allows both individual and institutional traders to earn additional rewards from the 500K USDT prize pool alongside their trading profits.
- Spending Smart with the Bybit Card
As part of the USDT Festival, the Bybit Card will activate a limited-time offer for eligible new users. In addition to the 10% cashback exclusive offer for newcomers, successful new applicants will also gain an instant 10 USDT cashback by simply signing up and spending at least 200 USDT or its equivalent. Between Mar. 10 and Mar. 31, 2025, users can maximize their rewards by setting USDT as the default cashback option for future transactions.
- Bybit Learn: Read-to-Earn USDT Festival Special
Bybit users will be able to take advantage of Bybit Learn’s Read-to-Earn program and enroll in USDT-themed courses for Bybit Earn and Bybit P2P for extra rewards. Starting this March, Bybit Learn will set aside an additional 20,000 USDT for eligible participants.
- Social and Community Giveaway
Bybit fans on official social media and Telegram channels are in for surprises in mini interactive giveaways with 40,000 USDT in prizes throughout March.
- All-Things USDT at Bybit: USDT Festival Livestream
To find out all about the USDT-related benefits and programs at Bybit this spring, users may watch the replay of the USDT Festival livestream featuring speakers from Bybit’s product team, wealth management unit, VIP team, and Bybit Card. Designed to empower traders with expert insights and exclusive opportunities, the livestream was a deep dive into advanced USDT trading strategies, market trends, and an overview of the exclusive perks and competition mechanisms of the USDT Festival.
- TradeMasters Grand Prix 2025 Series 1
High-stake traders have concluded the USDT-themed March TradeMasters Grand Prix in its first instalment of 2025, dividing up a 1 million USDT prize pool.
“The USDT Festival represents our commitment to educating and empowering traders in the dynamic cryptocurrency market,” says Joan Han, Sales and Marketing Director at Bybit. “Stablecoins are facilitating financial opportunities for millions of people and businesses around the world, achieving instant finality and unparalleled cost efficiency. USDT’s utility is its strength, and we are supporting our users in seeking opportunities in the stablecoin ecosystem through Bybit’s powerful platform and offerings,” she said.
USDT is a leading stablecoin that has maintained a $1 peg to the US dollar since its launch in 2014. With a market capitalization exceeding $140 billion at the time of writing, USDT is the most widely traded stablecoin and plays a critical role in the cryptocurrency ecosystem. USDT’s deep liquidity makes it a bridge between fiat currencies and digital assets, enabling seamless transactions and trading within the decentralized finance (DeFi) space.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Blockchain Press Releases
AB DAO Accelerates Global Expansion: Now AB Listed on BitMart & HTX AMA to Explore the Future of Web3
SINGAPORE, March 12, 2025 /PRNewswire/ — AB DAO announced today that $AB has been officially listed on BitMart (bitmart.com). Next, $AB will soon be listed on Lbank (lbank.com) and Biconomy (biconomy.com), further enhancing global liquidity and ecosystem influence.
At the same time, AB DAO has been invited to participate in HTX AMA, discussing AB public chain technology innovation, Real-World Asset (RWA) integration, and Web3 ecosystem development prospects.
BitMart $AB Trading Details
Trading Pair: AB/USDT
Deposit Opening: March 12, 2025, 17:00 (UTC+8)
Trading Opening: March 13, 2025, 17:00 (UTC+8)
Withdrawal Opening: March 14, 2025, 17:00 (UTC+8)
BitMart Official Announcement:
https://bitmart.zendesk.com/hc/en-us/articles/34819457308187
HTX AMA: AB Public Chain and the Future of Community Governance
As part of its global expansion, AB DAO has been invited to join the HTX AMA to explore key topics such as Layer-1 blockchain competitiveness, AB’s innovations in Real-World Assets (RWA), cross-chain interoperability, and DAO governance models.
Event Time: March 13, 2025, 20:00 (UTC+8)
AMA Topic: AB Public Chain: Unlocking the Future of Community Governance
AMA Details & Participation Link:
https://www.htx.com/en-us/live/detail/h5?id=67746&invite_code=sbs66223&inviter_id=11351630
AB DAO Global Ecosystem Continues to Expand
$AB is now available on the following exchanges:
Bitget (bitget.com)
HTX (htx.com)
MEXC (mexc.com)
BingX (bingx.com)
BitMart (bitmart.com)
Hotcoin (hotcoin.com)
UEEx (ueex.com)
4E (eeee.com)
Coming Soon:
Lbank (lbank.com)
Biconomy (biconomy.com)
The listing of $AB on BitMart marks another major step in AB DAO’s global expansion strategy. In the coming months, AB will continue listing on more exchanges, expanding its ecosystem use cases and accelerating worldwide adoption.
AB DAO’s Goal: 100 Million $AB Holders
Stay Updated with AB DAO
Official Website: https://ab.org
Telegram Global Community: https://t.me/Newtonproject
Telegram Chinese Community: http://t.me/ABgonglian
Telegram English Channel: https://t.me/AB202528
X (Twitter): https://x.com/ABDAO_Global
Discord: https://discord.gg/BSbgK6J
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Blockchain Press Releases
BingX Welcomes DeepLink Protocol to Launchpool, Offering 6,666,667 DLC Tokens for Staking
PANAMA CITY, March 12, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, introduced DeepLink Protocol ($DLC) to its Launchpool, offering its users access to decentralized cloud gaming experience powered by AI and blockchain technology. The staking pools will open from March 14th for 4 days with a total allocation of 6,666,667 DLC tokens. This collaboration aims to accelerate the growth of the web3 gaming ecosystem by supporting the AI, DePIN and decentralized computing industry with cloud-based infrastructure.
Designed for applications like cloud esports, AAA gaming, and remote gaming setups, DeepLink Protocol is transforming cloud gaming on any device by integrating AI Agents, DePIN, decentralized GPU computing, and ultra-low latency cloud rendering into a seamless ecosystem. Supporting 8K visuals and a 1-millisecond response time, it delivers a seamless experience for over 2.7 million users across 120 countries.
Bringing DeepLink Protocol to BingX Launchpool enhances the platform’s value proposition by introducing a new dimension of blockchain-powered gaming. This integration enables BingX users to benefit from DeepLink’s innovative ecosystem at no cost while reinforcing the platform’s position at the forefront of Web3 advancements.
“At BingX, we are committed to connecting our users with the most promising innovations in the Web3 space,” said Vivien Lin, Chief Product Officer of BingX. “DeepLink Protocol represents a game-changing evolution. Through this Launchpool, we empower our users to access and benefit from emerging blockchain ecosystems while reinforcing BingX as a gateway to the future of decentralized applications.”
This Launchpool event gives users the opportunity to easily engage with DeepLink Protocol before its spot trading goes live. This new integration provides early access to innovative blockchain projects while reinforcing BingX’s commitment to bridging decentralized technology with real-world applications.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/
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