Skanska plans to acquire Ericsson Real Estate & Services
Skanska plans to acquire Ericsson Real Estate & Services Ericsson and Skanska today signed a Letter of Intent covering the acquisition by Skanska of the operations in Ericsson Real Estate & Services (REM). The acquisition is a step in Ericsson's focus upon core-activities and is a part of the corporation's restructuring programme. REM's turnover is approximately SEK 1.7 billion and the company employs around 600 people, of which roughly the Ericsson part-owned company employs 100, REMSERCO AB. Skanska will assume responsibility for REM's full complement of personnel. REM provides a productive working environment through combining customer services, communication and security systems, along with traditional real estate maintenance services. Ericsson intends to sign a long-term agreement with Skanska for the management of services. The agreement is scheduled to take place during January 2000. The two parties cannot, at this point, give any further information on the financial details of the agreement. Ericsson is the leading provider in the new telecoms world, with communications solutions that combine telecom and datacom technologies with freedom of mobility for the user. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for its customers - network operators, service providers, enterprises and consumers - the world over. Please visit Ericsson's Press Room at: http://www.ericsson.se/pressroom FOR FURTHER INFORMATION, PLEASE CONTACT Lars Östlund, Press Manager, Corporate Communications Phone: +46 8 681 2656, +46 70 326 2656 E-mail: lars.ostlund@lme.ericsson.se Mats Jönsson, divisionschef Facilities Management, Skanska Sverige AB Phone: +46 753 8862, +46 70 322 8899 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/12/17/19991217BIT00570/bit0001.doc http://www.bit.se/bitonline/1999/12/17/19991217BIT00570/bit0002.pdf