AU-System Acquires C & C Consulting
AU-SYSTEM ACQUIRES C & C CONSULTING Stockholm, Sweden - November 9, 2000 - AU-System AB today announced the acquisition of the Gothenburg based management consultancy C & C Consulting, with eight employees. C & C Consulting, was founded in 1989 and offers strategic consulting services for business development of service offers. Through the acquisition AU-System will further strengthen its competence in strategic business and service development. "The acquisition of C & C Consulting also enables us to support our customers with packaging and the launch of service offerings. This is, for example, important for our work with mobile portals," says Tomas Franzén, President & CEO at AU-System. During the last few years C & C Consulting has mainly been working with strategic consulting services for the Volvo group of companies. The client list also includes Grundfos, Svedala and Bilia. C & C Consulting reported revenues of 9.5 MSEK in 1999. The transaction will take effect at the turn of the year and C & C Consulting will contribute positively to AU-System's result in 2001. Media Contacts: Tomas Franzén, President & CEO AU-System Tel: +46 70 576 32 05 About AU-System AU-System is a leading Mobile Internet consultancy. Through the subsidiary SandbergTrygg, the company also offers integrated services for marketing communications. Major clients include Ericsson, Telia, Scania, MeritaNordbanken and Singapore Telecom. AU-System was established in 1974 and currently employs more than 860 staff in offices in Sweden, Singapore, Thailand, the U.K. and the U.S. AU-System is listed on the O-List of the OM Stockholm Exchange, under the symbol AUS. For more information, please visit www.ausystem.com. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/11/09/20001109BIT01010/bit0001.doc http://www.bit.se/bitonline/2000/11/09/20001109BIT01010/bit0002.pdf