Enea Sells Remaining Part of Enea Industry
Enea Sells Remaining Part of Enea Industry Enea has signed an agreement to sell remaining business within Enea Industry to 4Real AB. The business employs seven people and has annual sales close to SEK 10 million, offers qualified electronics development towards the telecom-, defence- and transportation sectors. 4Real AB will assume ownership of the business, which is at present part of the subsidiary Enea Systems AB, on September 1, 2004. Enea intends having close future cooperation with 4Real. Moreover, Enea has signed a final agreement with Generic Integration AB considering the sale of Enea Software Solutions and other parts within Enea Industry. These businesses that are being sold have some 50 employees and had an annual sales amount to just over SEK 50 million during 2003. Generic Integration takes over the businesses as of September 1, 2004. During the second quarter Enea began streamlining operations and increasing the focus on the proprietary real-time operating system OSE, product-oriented consulting, and qualified services in technical systems development. The purpose of the streamlining process is to strengthen Enea's position and develop its offer in embedded real-time technology, with a primary focus on clients in the telecom industry. Efforts to sell Enea Redina continue and should be completed during the current year. Enea will then consist of an internationally active product and consulting organization with 450 employees. For further information, please contact: Johan Wall, President and CEO, Enea AB +46 8 507 140 00, email: johan.wall@enea.se Gunilla Spongh, CFO, Enea AB +46 8 507 140 00, email: gunilla.spongh@enea.se Enea is listed on the Stockholm Stock Exchange's Attract-40 list. For further information about Enea, please visit our websites www.enea.se, www.enea.com and www.ose. For further information about 4Real AB, please visit www.4real.se or contact Göran Stråt, President, 4 Real AB + 46 708 211 689, email: goran.strat@4real.se. For further information about Generic Integration AB, please visit www.generic.se or contact Michael Ekman, President, Generic Integration AB + 46 70 3093863, email: michael.ekman@generic.se. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/08/30/20040830BIT00170/wkr0001.pdf