Norbit ASA (OB:NORBT) agreed to acquire Ping Digital Signal Processing Inc. for $3.2 million on September 4, 2023. The target company is valued at $3.24 million on a cash and debt-free basis. The acquisition is to be financed 70% by cash and 30% as a private placement to the sellers of the target company. Closing is expected to take place end of September.

Norbit ASA (OB:NORBT) completed the acquisition of Ping Digital Signal Processing Inc. in Early October 2023. In connection with closing, the board of directors resolved to issue 196 668 consideration shares to the sellers of Ping Digital Processing Inc.