Framfab sells Framfab Technology

Framfab sells Framfab Technology Today, Framfab has sold its shares in Framfab Technology AB to Bure Equity AB for SEK 17 million. The transfer takes effect as of today, Thursday, 10 May. Framfab Technology AB is a company within the Framfab Group and employs approximately 50 people. It is a company that commands spearhead competencies in the field of technology, and its activities include embedded systems and IP-based solutions for biotechology and communication. "Framfab is continuing its policy of refining its core businesses with a view to focusing exclusively on Internet consultancy operations. This sale demonstrates that there is value within Framfab which can and will be capitalised," explains Johan Wall, CEO of Framfab. Framfab has previously made it clear that the Group would be selling off, discontinuing or finding external financiers for non-core activities. This applies, for example, to Framfab Labs, Bredbandsbolaget and investments in UMTS licences. In connection with the transfer, Framfab Technology will be changing its name to Erda Technology AB. For additional information, please contact: Leif Andersson, VP Corporate Communications, Framfab. Tel: +46 709 41 22 32 leif.andersson@framfab.se Framfab is a global Internet consultancy company whose business philosophy is to supply digital services based on Internet technology. Framfab has offices in Bulgaria, Denmark, France, Italy, Great Britain, the Netherlands, Norway, Spain, Sweden, Switzerland, Germany, the United States and Austria. Framfab's customers include a number of well-known global companies, including: 3M, AstraZeneca, AXA, Bosch, Carlsberg, Electrolux, France Telecom, I K E A, the International Red Cross, le Groupe Pernod Ricard, Kellogg's, Packard-Bell, Nike Europe, SAAB, SAS, Viag Interkom, Volvo Car Corporation and AB Volvo. Framfab is listed on the Attract 40 list of the OM Stockholm Stock Exchange (ticker FTID). For additional information, call in at www.framfab.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/10/20010510BIT01160/bit0001.doc http://www.bit.se/bitonline/2001/05/10/20010510BIT01160/bit0002.pdf