New Wave Group AB (publ) acquires Segerkoncernen

New Wave Group AB (publ) acquires Segerkoncernen New Wave Group has acquired all the shares in Segerkoncernen AB with the subsidiaries Seger Europe AB and Seger United AB from Ulf and Per Segerqvist. The purchase-sum for the shares is 48 million SEK of which 24 million Sek will be paid in cash and the rest by a directed new issue of 150 000 shares at the price of 160 SEK per share. An additional purchase-sum will furthermore be paid during 2003 should the results for 2001 and 2002 in Segerkoncernen AB and its subsidiaries Seger Europe AB and Seger United AB meet certain criteria. For 2002, Segerkoncernen is expected to have a turnover of approximately 150 million SEK with good profitability. The subsidiary Seger Europe is one of the leading manufacturers of knitted sports articles such as socks, caps and scarves in Scandinavia and has a relatively large manufacturing with companies as final customers. The subsidiary Seger United is one of the largest sports whole sellers in Sweden, partly by own trade marks like Seger, partly by license- and distribution rights for trade marks such as Umbro, Exel and Christian. New Wave Group believes that the acquisition of Segerkoncernen will strengthen New Wave Group's both business areas (Profile and Retail). New Wave Group intends to integrate Segerkoncernen by letting Seger Europe's assortment complete the assortment of New Wave Group within its business area Profile which should lead to an increase of sales with regard to the completing products. Seger United will furthermore be a part of New Wave Group's business area Retail, where New Wave Group will become one of the biggest suppliers in Sweden with an annual turnover of approximately 500 million SEK. New Wave Group believes that the acquisition will result in extensive positive synergetic effects mainly within sales, logistics and purchases. The synergetic effects will be presented more closely during the first quarter of 2002. The acquisition is expected to contribute positively to New Wave Group's result per share as early as this year. Borås den 10 October 2001 New Wave Group AB (publ) The board For further information, please contact: Torsten Jansson CEO Phone: +46 708-99 80 50, +46 33-22 58 55 Göran Härstedt Deputy CEO Phone: +46 708-99 80 17, +46 33-22 58 63 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net