PartnerTech acquires prototype maker in telecommunications

PartnerTech acquires prototype maker in telecommunications PartnerTech will purchase all equity in Temo Finmekaniska Verkstad AB. The company has annual sales of SEK 60 million and employs more than 30 people. The acquisition strengthens PartnerTech primarily in prototype manufacture and as a development partner. The deal will immediately increase- to a significant degree- PartnerTech's annual earnings per share. Temo Finmekaniska AB is a contract manufacturer of prototypes for specialized processing. The majority of its business is oriented towards high-speed processing for the telecommunications market. The company's operations are located in Järfälla, outside Stockholm. "This acquisition gives us additional know-how and capacity as a prototype manufacturer and as a development partner for our customers," says PartnerTech CEO Mikael Jonson. "PartnerTech is a good fit for us. This arrangement will enable us to undertake much of the mass production of products that we make prototypes for today," says Kjell Tengmo, CEO of Temo Finmekaniska Verkstad. PartnerTech AB (publ) develops and manufactures electronic products under contract for leading growth companies, primarily in telecommunications, information technology, and medical technology. The company's shares are quoted on the Stockholm Stock Exchange's O list. For additional information, please contact PartnerTech's CEO Mikael Jonson, at +46 70 678-1001 (cell phone), or Temo Finmekaniska Verkstad AB's CEO and majority shareholder Kjell Tengmo, at +46 70 561-7575. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/03/23/20000323BIT00550/bit0001.doc http://www.bit.se/bitonline/2000/03/23/20000323BIT00550/bit0002.pdf