Lagercrantz Group acquiring business in Norway

Lagercrantz Group acquiring business in Norway Lagercrantz Group AB's subsidiary ACTE AS is acquiring the electronics components business of the Norwegian company Datamatik AS. The components business has revenues of about MSEK 30. After selling its components business, Datamatik AS will be concentrating on its core communications equipment and systems business. Through this acquisition, offering of products by ACTE AS will be become more complete and competitive, and the company gains in strength in the Norwegian market. The acquisition is expected to have a positive impact on Lagercrantz Group's earnings for the current financial year. Stockholm, 17th of October 2002 Lagercrantz Group AB (publ) For further information, contact: Mattias Sonnenfeld, Executive Vice President, Lagercrantz Group AB Telephone: + 46 8 700 66 70 Jon Arne Kjaerstad, President, ACTE AS Telephone: + 47 63 89 89 00 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/10/17/20021017BIT00610/wkr0001.doc http://www.waymaker.net/bitonline/2002/10/17/20021017BIT00610/wkr0002.pdf