Cost savings and CEO change at Klimator AB
Klimator AB, a leading player in road climatology, announced today that cost savings will be implemented, and a CEO change will take place. The board has decided on a cost reduction program due to the automotive sector not developing at the pace we anticipated. We believe that automotive will continue to be an important market for Klimator AB, but revenues from this market will be generated further in the future. The company will review internal, external, and personnel costs with the goal of reducing expenses by approximately 8-9 million SEK annually. This will enable us to achieve