Cell ITS restructures business - sells unit in Åkarp

Cell ITS restructures business - sells unit in Åkarp Cell ITS, a niche company within the Cell Network Group, is restructuring its training business and is selling its mechanics and electronics unit in Åkarp to MSE AB. Cell ITS (Interactive Training and Simulation) is restructuring its business and is selling its mechanics and electronics unit in Åkarp, complete with its six employees, to MSE AB in Älmhult. "The sale of the business in Åkarp is in line with our strategy to concentrate our business on the software aspects within simulation and industrial e-learning", says Claes-Erik Frölund, MD of Cell ITS AB. Cell ITS will continue to act as a universal contractor, but has chosen to work with select subcontractors in mechanics and electronics. MSE AB will remain as on of the main partners of Cell ITS. "By acquiring the business we will further strengthen our competence within military educational systems", says Micael Schmitz, MD MSE AB. "We will manage the competence that Cell ITS has built, and this competence will also be of importance to our customers on the 'civilian market'." About MSE AB MSE AB (Micael Schmitz Elektronik AB) is an innovation and development firm that realizes technical solutions 'from idea to ready product' through ingenuity and a sense for business. We function as a resource in close co-operation with the customer and smart solutions with full responsibility for projects or parts of projects is our hallmark. For more information please contact: Claes-Erik Frölund, MD, Cell ITS, phone +46 70-54039 21 Ellinor Bollman, Dir. Corp. Communications, Cell Network AB, phone +46 703- 473714 Micael Schmitz, MD MSE AB, phone +46 476-559 50 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/02/14/20010214BIT01240/bit0002.doc http://www.bit.se/bitonline/2001/02/14/20010214BIT01240/bit0002.pdf