SEGULAH acquires Teli Service AB from Swedish PTO Telia

SEGULAH acquires Teli Service AB from Swedish PTO Telia Teli Service is the leading brand independent supplier of workshop repair and logistics services for IT products in the Nordic region. The company's turnover is MSEK 165 at service units in Stockholm, Kristinehamn, Vänersborg, Gävle, and Malmö. The customers are among others Telia, Ericsson, Hewlett- Packard, Nokia, Compaq, On-Off, and Geab. Segulah has acquired 100 % of the capital and votes in the company. "We are very positive towards getting a competent and financially strong owner, dedicated to development of the company. We expect strong expansion, possibly with entries into the neighbouring Nordic countries. Telia has been a good owner but the business is rapidly changing and our customers are globalizing. Through this ownership shift we can work even more independently from our suppliers and follow our customers into Europe, at the same time remaining a solid partner to Telia." Kent Bladh, MD Teli Service AB "Teli Service is a very interesting company with a dominant position in a growing business. The company has great development potential through its knowledge within both telephony and computers. Telia is and will remain an important customer for Teli Service. We do, however, see a large potential in further expanding the customer base and in entering into additional partnerships with a number of large clients." Gabriel Urwitz, AB Segulah ******************** Teli Service's service units are specialised on different product areas. Vänersborg handles complex corporate telephone switches and configures advanced digital communications equipment. Kristinehamn makes repairs on telephones, faxes, cable- and satellite TV equipment, wireless telephone systems, printers and PCs. Gävle is focused mainly on smaller telephone switches and the retail assortment of Telia. PCs and communications equipment are repaired in Stockholm while in Malmö operations are concentrated on manufacturing, configuration and service of alarm products and text telephones for hearing disabled. The company supplies services including complete logistics concepts, switching of equipment at the client site and environmental recycling of non-reusable products. The company has three main customer segments: manufacturers, distributors/retail-ers, and field service companies. The product offering also includes services for end users like switching of equipment, pickup and deliveries, etc. These services are, however, sold by the company's different partners on the market. AB Segulah is a private equity firm owned by its board of directors and man- agement. Segulah invests in and develops established small and mid-sized comp- anies in mature industries, preferably retail, service and light manufacturing. The business concept is to create value through active ownership and injection of general business knowledge, as well as financial and industrial experience into the company, in addition to the capital that the company may require. Segulah is the formal Swedish partner of Hambro European Ventures Limited. Segulah I is a private equity fund of SEK 250 million managed by AB Segulah. It was formed in February 1997 with the purpose of investing in Swedish small and mid-sized companies. Investors in the fund are, among others, Inter-Ikea, Norsk Vekst AS (Norwegian listed investment company), Prim Associates (American venture capital institution), Bonnier Group (Swedish media group), Cancerföreningen in Stockholm, and AB Segulah. The capital of the fund is to be invested over a 4-year period. Teli Service is Segulah I's second investment after LärData AB. AB Segulah is presently sole or part owner of, among others, Wilkenson Handskmakar'n AB, Ordning & Reda Papper & Design AB, Byggfakta Scandinavia AB and LärData AB. For further information please contact Gabriel Urwitz or Christian Sievert at AB Segulah, phone +46-8-665 32 70 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1997/11/04/19990504BIT00370/bit0001.doc http://www.bit.se/bitonline/1997/11/04/19990504BIT00370/bit0002.pdf