Enea Signs Agreement to Sell Solutions and Part of Industry
Enea Signs Agreement to Sell Software Solutions and Part of Industry Enea has signed a letter of intent with Generic Integration AB for the sale of Enea Software Solutions and part of Enea Industry, two business units offering consulting services mainly towards the public sector. The sale is part of Enea's ongoing efforts to streamline operations and strengthen Enea's consulting- and product position within embedded real- time technology. During the second quarter Enea began streamlining operations and increasing the focus on the proprietary real-time operating system OSE, product-oriented consulting, and related 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. The businesses that are being sold have some 50 employees and offer systems development and training, primarily for clients in public administration, general industry, and the energy sector. Annual sales amount to just over SEK 50 million for these businesses. According to plan, Generic Integration will assume ownership of the businesses on September 1, 2004. Efforts to sell Enea Redina and the remainder of Enea Industry 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 more 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 more information about Enea, please visit our websites www.enea.se, www.enea.com and www.ose. For more information about Generic please visit www.generic.se or contact Michael Ekman, President, Generic Integration AB + 46 70 3093863. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/07/30/20040730BIT00050/wkr0001.pdf