Lagercrantz Group Signs International Distribution Agreement with Siemens Wireless Modules
Lagercrantz Group Signs International Distribution Agreement with Siemens Wireless Modules Lagercrantz Group has signed a distribution agreement with Siemens Information and Communication Mobile, Wireless Modules, for the distribution of GSM/GPRS modules used in industrial communication applications. Initially, this deal encompasses distribution in the Nordic region, UK and Ireland. The collaboration with Siemens further advances Lagercrantz's already- secure position in the industrial communication segment. Lagercrantz perceives good prospects for future growth in this segment, and accordingly, the agreement is strategic. Michael Wallón, Siemens Wireless Modules' Nordic Sales Director, commented: "Siemens needs strong partners to effectively service the M2M market. This means that rather than just distribute products, Siemens' partners also need to contribute with in-design know-how and technical support for customers, for example. With its experience of the wireless market, Lagercrantz is an excellent partner for us." Jan Friis, Lagercrantz Group's CEO and President, responded: "Alongside Siemens Wireless Modules, we're advancing our position still further in the growth segment of industrial communication - this collaboration enables us to offer a comprehensive product and service program." Lagercrantz Group AB (publ) Stockholm, Sweden, March 22, 2004 For more information, please contact: Jan Friis, President and CEO, Lagercrantz Group AB or Per Ikov, CFO, Lagercrantz Group AB Tel: +46 (0)8 700 6670. www.lagercrantz.com Lagercrantz Group AB, quoted on the O-list of the Stockholm Stock Exchange, has revenues of some SEK 1.5 bn and 570 employees. The Group offers - within well defined niches and in partnership with customers and producers - products and solutions in the field of electronics and communications that strengthens customers' competitiveness. The group is a leading player on the Nordic market and is also established in the UK, Germany, Poland, Switzerland and Hong Kong. Lagercrantz Group comprises the parent company Lagercrantz Group AB and the Electronics, Production Services and Communication divisions. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/03/23/20040323BIT00410/wkr0001.doc http://www.waymaker.net/bitonline/2004/03/23/20040323BIT00410/wkr0002.pdf