Lagercrantz Group acquires ISG Systems AB. This will allow ISG Systems to meet increasing demand for camera-based soluti

Lagercrantz Group acquires ISG Systems AB. This will allow ISG Systems to meet increasing demand for camera-based solutions for surveillance of traffic, seaports, cities, airports and public places Lagercrantz Group AB has concluded an agreement to acquire all outstanding shares in ISG Systems AB, Höganäs. ISG Systems was established in 1993 and is one of Sweden's leading suppliers of surveillance systems of traffic, seaports, cities, airports and public places. The company has revenues of about MSEK 35 and 15 employees. In recent years ISG has focused on acting as a systems integrator, providing customized camera solutions for surveillance of traffic, airports and seaports, but also to control product flows. With the broadband infrastructure now widely available, it is technically feasible and profitable to build new types of image transmission systems. Among the systems delivered by ISG Systems are thus the monitoring system for the so-called southern link highway system in Stockholm, the ring road in Malmö and Arlanda Express. Matts Lilja, President of ISG Systems AB says in a comment: "With this structural deal, ISG gains access to the resources necessary to deliver and develop new types of digital camera-based surveillance solutions for different types of environments, and to do it with sustained profitability." Jan Friis, President and CEO of Lagercrantz Group, says in a comment: "Together with ISG Systems we will become even stronger in the growth area of industrial communications. The acquisition of ISG Systems is an excellent fit with our ambition of being a growth-oriented, knowledge- based company in electronics and communication." The acquisition is expected to have positive impact on Lagercrantz Group's earnings per share. For further communication, contact: Jan Friis, President & CEO, Lagercrantz Group AB, or Mattias Sonnenfeld, Executive Vice President, Lagercrantz Group AB, Telephone: +46-8-700 66 70 Matts Lilja, President, ISG Systems AB Telephone: +46-42-36 21 40 or + 46-733-46 21 41 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/01/20031001BIT00070/wkr0001.doc http://www.waymaker.net/bitonline/2003/10/01/20031001BIT00070/wkr0002.pdf

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