IBS acquires Component Innovation Sweden

IBS acquires Component Innovation Sweden IBS Konsult AB (subsidiary of IBS AB) has acquired all shares in Component Innovation Sweden AB (CISweden), located in Gothenburg, Sweden. The acquisition will bring some twenty new Swedish customers to IBS Konsult, as well as leading-edge competence in the field of component-based software development. Sellers are the four founders and employees of the company. - The acquisition strengthens our leading position in Sweden within component-based development, says Kjell Sandström, MD of IBS Konsult AB. In conjunction with the acquisition, the employees of CISweden will join the staff of IBS Konsult. For more information: Björn Bontin, Finance Director and Kjell Sandström, MD, IBS Konsult Head of IR, IBS AB AB Tel: +46 (0)8 627 2402, +46 (0)70 627 Tel: +46 (0)31 703 3017, +46 2402 (0)70 652 0312 email: bjorn.bontin@ibs.se email: kjell.sandstrom@ibs.se IBS AB, with headquarters in Stockholm, is listed on the Stockholm Stock Exchange. The IBS Group is a world-leading international supplier of web- enabled business and supply chain management software and professional services for large and mid-sized companies. IBS has some 2,250 employees and 5,000 customers in more than 40 countries. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/10/26/20011026BIT00210/bit0002.doc http://www.waymaker.net/bitonline/2001/10/26/20011026BIT00210/bit0002.PDF