Dimension acquires Danish system integrator

Dimension acquires Danish system integrator Dimension is strengthening its Nordic presence by acquiring the Danish IT company Benau Danmark's system integration division. The acquired operations generated a turnover of approximately SEK 150 million in 2000 and have 35 employees. The purchase price is SEK 14.5 million, along with a conditional cash payment up to a maximum of SEK 7.5 million, based on the earnings of the acquired operations. Benau, which was established in the late 1980's, is one of Compaq's largest partners in Denmark and focuses on server solutions and data storage as well as related support and consulting services. The system integration operations have a strong position among clients in the public sector, research/education and industry/retail, with references that include universities, research institutes, unions and government agencies/municipalities. Benau has two offices that are included in the acquisition, one in Hörsholm outside Copenhagen and the other in Skanderborg in Jutland. "Benau is a very well-managed company with great competence in system integration and strong client relations," says Sven Uthorn, Managing Director of Dimension. "Its business model and corporate culture are in line with Dimension's, and the acquisition provides important synergies in terms of clients and technical know-how. The companies' client segments complement each other, and with Dimension's experience in business-critical solutions for telecommunications and banking & finance we can work together to build a strong position in the Danish market. Through the acquisition, Dimension gains a major foothold in Denmark and takes a further step toward its overall objective of becoming the leading supplier of business-critical systems and integrated solutions in the Nordic countries and Baltic region." The acquired operations will be consolidated in the Dimension Group as of September 1 and, as planned, will be renamed Dimension Denmark A/S. The goodwill that arises as a result of the acquisition is estimated at slightly over SEK 14 million and is scheduled to the amortized over five years. The Managing Director of the company will be Per Sevrell, who will also remain Southern Regional Manager at Dimension. Benau's network operations, which are not part of the transaction with Dimension, were acquired at the same time by the Swedish IT company Cygate. For further information, please contact: Sven Uthorn, Managing Director, Dimension AB Phone +46 8 445 24 00, Mobile +46 709 31 00 03, e-mail: sven.uthorn@dimension.se About Dimension Dimension is an IT integrator that designs and implements infrastructure to handle business-critical information. Examples include advanced server and data storage solutions for e-commerce and Internet banking systems, Internet/intranets and business systems. Clients are primarily in telecommunications, banking & finance, media and manufacturing industry. The wholly owned Group subsidiary Next Nordic works with the sale of Sun systems and related products to resellers. In 2000 Dimension's sales amounted to SEK 1,475 million, with a profit after financial items of SEK 138 million. The Group has 295 employees in Sweden, Norway, Denmark, Finland, Latvia and Lithuania. The head office is located in Bromma, Stockholm. The Dimension share is listed on Stockholmsbörsen's O-list. Financial information schedule The interim report for January-June 2001 will be released on August 21,2001 The interim report for January-September 2001 will be released on October 24, 2001 The year-end report for 2001 will be released on February 19, 2002 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/20/20010820BIT00660/bit0002.doc http://www.waymaker.net/bitonline/2001/08/20/20010820BIT00660/bit0002.pdf