Cardo's acquisition of remainder of Cardo Rail settled

Cardo's acquisition of remainder of Cardo Rail settled As previously announced, Cardo and ThyssenKrupp entered into a preliminary agreement to the effect that Cardo will take over ThyssenKrupp's 40- percent shareholding in Cardo BSI Rail AB. By means of the acquisition, Cardo will own all the shares in the company. The Swedish Competition Authority has found no cause to intervene against Cardo's acquisition, which will therefore be realized on December 31 1999. Malmö, Sweden, December 29 1999 Cardo AB (publ) For further information, please contact: Kjell Svensson, President and CEO, phone +46 40 35 04 53, +46 40 35 04 00 Sven-Erik Persson, Executive Vice President, phone +46 40 35 04 50, +46 40 35 04 00 Cardo is an international engineering group with a turnover of more than SEK 9 billion. Cardo holds a strong position in the markets for doors, pumps and rail-vehicle brake systems. Cardo has subsidiaries in about 30 countries with the focal point resting in western Europe, and roughly 7,400 employees. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/12/29/19991229BIT00320/bit0001.doc http://www.bit.se/bitonline/1999/12/29/19991229BIT00320/bit0002.pdf