Axis sells its shareholding in Netch Technologies AB

Axis Communications is selling its shareholding in Netch Technologies AB. This measure is part of the move to focus on core operations. "After having carried out a restructuring of its business, Netch will continue to develop together with a new principal shareholder with an internationally established business in the industry. Selling the shares in Netch is logical since possessing them is no longer of strategic importance", says the CEO of Axis, Peter Ragnarsson. Purchasing the shares is Wapplay AB, a company controlled by Torbjörn Stenkula and family. Wapplay AB is a joint owner of EDGE Mobility AB (, a company involved in areas such as consultancy within the Internet and Mobile Internet fields. The sale of the shares, which has been calculated to have a positive effect on the Group's profit and loss account, will be reported in the Axis half-year report, which is being published on August 20, 2001.

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Axis enables a smarter and safer world by creating network solutions that provide insights for improving security and new ways of doing business. As the industry leader in network video, Axis offers products and services for video surveillance and analytics, access control, and audio systems. Axis has more than 3,000 dedicated employees in over 50 countries and collaborates with partners worldwide to deliver customer solutions. Founded in 1984, Axis is a Sweden-based company listed on the NASDAQ Stockholm under the ticker AXIS. For more information about Axis, please visit our website


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