Industri Kapital finalises the sale of Cramo

Industri Kapital finalises the sale of Cramo The Industri Kapital 1994 fund has today finalised the sale of all shares in Addum Intressenter, the holding company for Cramo, to the Dutch company Geveke and a Dutch institutional investor. The competition authorities concerned have approved the transaction. Following numerous Addum divestitures, Cramo is the last remaining division within Addum. The acquisition was made by Industri Kapital in March 1996 from Securum. Cramo is one of the major players in the northern part of Europe in business-to-business rental of equipment. The company employs approximately 600 people. In 1999 Cramo reported a turnover of 1,3 billion SEK and a profit after financial items of 166 million SEK. For more information please contact: Harald Mix, deputy CEO, Industri Kapital, +46 8 678 95 00 Gunnar Glifberg, CEO, Cramo AB, + 46 8 623 54 00 Industri Kapital is a leading European private equity firm with equity capital under management in excess of 2 billion EUR. Since 1989, 35 investments have been made in European companies in various industries. The fund investors are well-known Nordic, European and American institutional investors such as pension funds, investment-, and insurance companies. www.industrikapital.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/30/20000530BIT00950/bit0001.doc http://www.bit.se/bitonline/2000/05/30/20000530BIT00950/bit0002.pdf