Elanders expands in Technical Documentation - acquires Hindson Print in England

Elanders expands in Technical Documentation - acquires Hindson Print in England Elanders AB (publ) has agreed with Ferguson International plc to acquire the Hindson Print business as of 1 August 1999. Hindsons, located in Newcasle, has a turnover of approximately 150 MSEK and has 140 employees. Hindsons is a well-established supplier of graphic services mainly to the automotive industry and publishers of educational materials. Through the acquisition, Elanders takes an important step towards expansion in Europe, particularly in the business area Technical Documentation. The acquisition is in line with the strategy to grow internationally with the customers of the business area. The Group will also hereby be equipped with excellent opportunities to develop and further enhance the profile of the important and successful operations that Elanders is running in England since many years. The acquisition will have marginal impact on this years results but is expected to make significant contributions to Group earnings in the coming years. Elanders is the largest Nordic graphic group with sales of approximately 2,2 billion and some 1 650 employees. The business concept is to develop, refine and distribute information based on graphic production. Kungsbacka 13 July 1999 Kjell Thörnbring President and Chief Executive Officer Telephone: +46 300 50000 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/07/13/19990713BIT00160/bit0001.doc http://www.bit.se/bitonline/1999/07/13/19990713BIT00160/bit0002.pdf