Carmen Systems AB nominated for the Export Company of the Year award 2006

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The fast growing IT-company Carmen Systems AB was today nominated by the Swedish Trade Council to the Export Company of the Year award 2006. The winner will be presented by H.R.H. the King of Sweden at the Stora Exportdagen in Stockholm April 24.

The Export Company of the Year award is presented to a Swedish company which has showed a strong increase in exports over the past few years with successes on several markets. In 2005 the prestigious award went to BabyBjörn. BabyBjörn develops, distributes and markets high-quality products for children up to the age of three. Their products are marketed in more than 25 countries. Carmen Systems develops, markets and implements resource optimization software and services solutions for clients in the transportation industry, primarily the airline, railway and logistics industries. Clients include, among others; Aeroméxico, Air France-KLM, Alitalia, British Airways, Delta Air Lines, Finnair, Lufthansa, Scandinavian Airlines, Singapore Airlines, Spanair, Virgin Atlantic Airways, Deutsche Bahn (German Railways), Amtrak, Green Cargo, National Rail Enquiries (UK), RailCorp - New South Wales (Australia) and SNCF (French National Railways). In 2005 Carmen Systems had a turnover of $39,1 million USD, with a profit of $6,9 million USD. 92 per cent of revenues stem from foreign clients. Today, Carmen Systems’ software is used to create and optimize rosters and pairings for 25 per cent of all flight crew globally. Carmen Systems is based in Göteborg, Sweden, with additional offices in Amsterdam, Austin (Texas), Brisbane (Australia), Copenhagen, London, Madrid, Montreal, Paris, Singapore and Stockholm. It is a rapidly expanding organization with 315 employees from more than 30 countries. The company is focused on R&D, with approx. one third of the employees working in that area. March 3 The Boeing company announced the signing of an agreement to acquire 100% of Carmen Systems AB. The completion of the transaction is subject to customary conditions and the relevant authorities’ approval. Swedish Trade Council has more than 350 employees in over 40 countries. The organization also works through Swedish embassies, consulates and chambers of commerce in countries where they do not have an office of their own. The Swedish Trade Council serves the Swedish Government and Swedish business. For more information, please visit their website at http://www.swedishtrade.com

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