BTS acquires Spanish company

BTS ACQUIRES SPANISH COMPANY The training and consultancy company BTS Group AB has acquired the Spanish company I-Simco. I-Simco works within the same field as BTS -business simulations-, and has offices in Madrid and Bilbao. The company was founded in 1999 and has had profitable growth each year. I-Simco currently has 8 employees and is estimated to have a turnover of approximately MSEK 7 during 2003. "The Spanish market is interesting both in terms of size and growth potential. I-Simco is a successful company with a good client-base, high competence and excellent quality within our niche" says Henrik Ekelund, President and CEO of BTS Group. The acquisition is predicted to contribute positively to the result per share in BTS group during 2003. For further information please call : Stefan af Petersens, Acquisitions, BTS Group AB, tel: + 46 8 58 70 70 00 Henrik Ekelund, President and CEO BTS Group AB, tel: + 1 415 362 95 67 Homepage: www.bts.com BTS Group AB is an international training and consultancy company in the field of business acumen. BTS uses tailor-made simulation models to support company managers in implementing change and improving profitability. BTS trains the entire organisation to analyse and to make decisions centred on the factors that promote growth and profitability. This generates increased emphasis on profitability and market focus, and supports day-to-day decision-making, which in turn leads to tangible, sustainable profit improvements. BTS' customers are often multinational companies. In 2002, BTS generated a turnover of MSEK 172 and has today 100 employees. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/08/05/20030805BIT00160/wkr0001.doc http://www.waymaker.net/bitonline/2003/08/05/20030805BIT00160/wkr0002.pdf