Addnode Group renews SEK 75 million contract with German industry leading car manufacturer

STOCKHOLM, JANUARY 26, 2016 –  Addnode Group’s subsidiary, TechniaTranscat, one of the European leading suppliers of Product Lifecycle Management (PLM) solutions has renewed the contract with a German industry leading car manufacturer. The projected order value is approximately SEK 75 million over three years. 

TechniaTranscat has been supplying products and services to the German car manufacturer for several years. The renewed contract includes a wide set of services to improve the usage of the existing PLM system. The contract, which has an extended business scope, includes consulting, education and support. The major part of the delivery is based on a Service Level Agreement (SLA) delivery model.

- “This is a validation of our strong delivery capacity and knowledge within the PLM segment and our strong local presence in the automotive clusters of Germany”, said Jonas Gejer, CEO TechniaTranscat and President Addnode Group PLM.

-  “Germany is an interesting market with a significant growth over the past years. The acquisition of Transcat PLM last year was a well-considered move to position ourselves as a leading PLM company. This contract is both a strong validation of our offering and an acknowledgement of our competence within the industry”, said Staffan Hanstorp, President and CEO Addnode Group.

The information in this press release is such that Addnode Group must disclose in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was released on January 26, 2016 at 08.30 AM CET.

For more information, please contact:

Staffan Hanstorp, President and CEO Addnode Group AB

Tel: +46 (0) 733 77 24 30, e-mail: staffan.hanstorp@addnodegroup.com

Jonas Gejer, CEO TechniaTranscat and President Addnode Group PLM

Tel: +46 (0) 8 599 204 14, e-mail: jonas.gejer@techniatranscat.com

About Addnode Group

Addnode Group offers operation-critical IT-solutions to selected markets within both private and public sectors. We acquire, build and develop companies that deliver operation-critical IT solutions for specific needs from our customers.

Every day, 500,000 engineers use our systems to develop and maintain products, buildings and installations. 100,000 employees in the public sector use our solutions for municipal and government management. We have 1,150 employees in Sweden, Austria, Denmark, Finland, Germany, India, Norway, Slovakia, the UK and the US and Serbia. Net sales in 2014 amounted to SEK 1,599 M. Addnode Group's Series B share is listed on the Nasdaq Stockholm, Small Cap. For more information, please visit www.addnodegroup.com.

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About Us

Addnode Group acquires, operates and develops entrepreneur-driven companies that supply software and digital services to markets in which the group have or can achieve a leading position. We are one of Europe’s leading suppliers of software and services for design, construction and product data information, and a leading supplier of document and case management systems to public sector clients in Sweden and Norway. We are 1 700 employees in Sweden, Germany, UK, Australia, Austria, Canada, Denmark, Finland, France, India, Japan, Netherlands, Norway, Serbia, Slovakia, South Africa and USA. Net sales in 2018 amounted to SEK 2 942 million. Addnode Group's Series B share is listed on Nasdaq Stockholm. For more information, please visit: www.addnodegroup.com

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Addnode Group renews SEK 75 million contract with German industry leading car manufacturer
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Addnode Group’s subsidiary, TechniaTranscat, one of the European leading suppliers of Product Lifecycle Management (PLM) solutions has renewed the contract with a German industry leading car manufacturer. The projected order value is approximately SEK 75 million over three years.
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Germany is an interesting market with a significant growth over the past years. The acquisition of Transcat PLM last year was a well-considered move to position ourselves as a leading PLM company. This contract is both a strong validation of our offering and an acknowledgement of our competence within the industry.
Staffan Hanstorp, President and CEO Addnode Group