Information Highway acquires Pyramid Communication

Information Highway acquires Pyramid Communication Information Highway AB (publ), which delivers Internet-based business so- lutions, and the owners of Pyramid Communication AB, have today signed a purchase agreement, where Information Highway acquires all shares in Pyra- mid. Pyramid has 43 employees and possesses a thorough competence within the field of market communication on the Internet. The purchase sum amounts to SEK 92 m. to be paid with 75,625 new shares in Information Highway and with the remaining amount in cash on the day of taking posses- sion, 18 February 2000. Pyramid, which is based in Helsingborg, is one of Sweden's leading compa- nies within the field of strategic market communication. The business, which covers all of Sweden, is primarily focused on the business to busi- ness area. Pyramid was started in 1989 and has presently 43 employees and a turnover of just over SEK 40 m with high profitability. Among the cli- ents are SAS, Ericsson, AGA, Perstorp, SKF, Frigoscandia Equipment and Höganäs AB. Pyramid will form Information Highway's Centre of Excellence for market communication on the Internet. "Pyramid is one of the leaders within business-to-business, which is the prime focus for Information Highway. Through the acquisition of Pyramid we can integrate market communication with our strong knowledge of technol- ogy, interaction design and business strategy, which we believe is very important for our future business. We will also become more complete as a company and able to meet the increasing demand from our customers," said Göran Wågström, CEO of Information Highway. "We look forward to working within Information Highway, which we regard as the most competent actor in the Internet field. We will achieve immedi- ate synergy effects, since we already to a certain extent work with the same customers," said Alf Ljungqvist, CEO of Pyramid. Through the acquisition Information Highway increases its presence in the important Öresund-region and are now around 100 employees in the region, in Sweden and in Denmark. The agreement, valid as from today, is made conditional upon a satisfac- tory Due Diligence. Day of taking possession has been decided to 18 Febru- ary 2000 at which date the purchase sum shall be finally settled. Sundbyberg 28 December 1999 Information Highway AB (publ) For more information: www.pyramid.se Göran Wågström, CEO Information Highway, tel +46 8 635 15 20, goran.wagstrom@infohwy.se Alf Ljungqvist, CEO Pyramid, tel +46 42 38 68 00, alf@pyramid.se Ulf Karnell, VP Corp. Comm. Information Highway, tel 46 70 514 17 39, ulf.karnell@infohwy.se Information Highway's mission is to assist customers in exploiting the full potential of the digital arena and the network economy. We work in close partnership with our customers in order to provide the services needed to develop their businesses, expand their horizons and realise their visions. Information Highway was founded in 1994, and now has around 450 people working in its Business, Interactive and Technology Consulting business areas at nine locations in Sweden, as well as in Norway, Denmark, Finland and the UK. The company's share is quoted on the Stockholm Stock Exchange's O-list. Göran Wågström is the group CEO. Information Highway has a client base of around 200 businesses, and provides solutions for ABB, Ericsson, Telia, ATG, Fondex, SAS, Stadium, SMHI and LocusMedicus. (More information on http://www.infohwy.se/ihen/). ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/12/28/19991228BIT00380/bit0001.doc http://www.bit.se/bitonline/1999/12/28/19991228BIT00380/bit0002.pdf