Merger of Cell Network and Mandator proceeding according to plan
Merger of Cell Network and Mandator proceeding according to plan The merger process between Cell Network and Mandator is continuing as planned. Negotiations with Germany's Pixelpark do not affect the integration program. "Work in creating the new Cell Network is continuing with full force," says Marcus Bäcklund, president of Cell Network AB. "The integration process has been in progress since February and will be completed by autumn, at which time we will have a joint offering and be able to fully exploit the expertise of both companies in customer projects." "There are already projects in several countries in which consultants from Cell Network and Mandator are working together," adds Mandator's president Niklas Flyborg. The notification period for shareholders in Cell Networks for accepting the offer to exchange their shares for Mandator shares expires on April 17. Contacts: Niklas Flyborg, CEO of Mandator Phone: + 46 8 402 31 09 Marcus Bäcklund, CEO of Cell Network Phone: + 46 8 522 041 08 Arvid Liepe, Head of Corporate Communications and Investor Relations at Cell Network Phone: +46 8 522 041 85 Mobile: +46 709 56 51 85 Ellinor Bollman, Corporate Communications, Mandator Mobile: + 46 (0)70 347 3714 About Cell Network: Internet company Cell Network AB (publ), with around 540 employees is quoted on the OM Stockholm Stock Exchange's O-list and has operations in Sweden, Norway, Denmark, France, Spain, Germany, Switzerland, the UK and Malaysia. The group is a leading Internet consulting company for business development based on new digital media and aims to be the European market leader. Customers include General Electric, Telia, Nokia, ABB, Volvo, Telenor, Renault, Saab, Banque Nationale de Paris, Ericsson, Braathens Malmö Aviation, Astra-Zeneca, Procordia, De norske Bokklubbene, Nationalencyklopedin, Svenskt Flyg, Bonnier, Torget (Sweden Post) and Electrolux Home. About Mandator: Mandator, with approximately 1,200 employees and 38 branches in Sweden, Norway, Denmark and Estonia, is one of Europe's major IT and Internet consulting companies. Mandator's expertise covers a wide range of IT applications from product development support through process control and business support. Together with its subsidiary, Journalistgruppen, Mandator delivers complete concepts: infrastructure, applications and content. Mandator's customers are large companies and organizations. Mandator is an independent supplier of expert IT solutions. The Mandator share is quoted on the Stockholm Stock Exchange's O-list. In 1994, Lars O. Pettersson became the single biggest shareholder in Mandator. Together with Niklas Flyborg, he has been responsible for the company's successful evolution into its current form. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/05/20000405BIT00850/bit0001.doc http://www.bit.se/bitonline/2000/04/05/20000405BIT00850/bit0002.pdf