Celsius sells Kockums Computer Systems
Celsius sells Kockums Computer Systems Celsius has sold its wholly-owned Malmö-based subsidiary company Kockums Computer Systems (KCS) to 6:e AP-fonden (The Sixth Swedish Pension Insurance Fund). KCS is one of the world's leading suppliers of IT-based systems for the ship design and production, with customers throughout the global shipbuilding industry. KCS has some 85 employees in Malmö, with a further 70 employees at nine subsidiaries on three continents. 6:e AP-fonden is an independent manager of Sweden's state pension funds. The Fund invests in unlisted Swedish companies with promising growth potential in a number of priority business areas. From within its own organization or via an extensive network of contacts, the Fund also contributes the competence required to promote growth. The sale is consistent with the Celsius Group's policy of strategic consolidation, and has only a marginal impact on Group earnings. As a result of this deal, KCS gains a financially solid owner with a long-term investment perspective, who will be able to further develop the company and its business concept. For further information, please contact Kjell Göthe, Vice President/Group Communications, on + 46 (0)8 - 463 00 19 or + 46 (0)70 - 583 95 44 (mobile). Celsius is an international advanced-technology and knowledge based corporation, which in close interaction with its customers develops, manufactures and maintains advanced systems, products and services within core areas Defence and Aviation Services. Based on a platform of comprehensive competence, new businesses with strong growth potential are developed for the military and commercial markets. Celsius, with sales of about SEK 14 billion, has some 11 000 employees. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/05/11/19990511BIT00270/bit0001.doc http://www.bit.se/bitonline/1999/05/11/19990511BIT00270/bit0002.pdf