ProAct IT Group finalize agreement to acquire storage experts in Switzerland

First expansion outside the Nordics ProAct IT Group finalize agreement to acquire storage experts in Switzerland ProAct IT Group AB today finalized the agreement to acquire 70 per cent of the stocks in TNC Storage Consultants AG, according to the letter of intent signed June 1. TNC's management will keep the remaining 30 per cent of stocks over the next two years, and then this will be acquired by ProAct, with the price based on achievement. The two companies have chosen not to make the conditions public. "This is our first expansion outside of the Nordics," said Per-Arne Lundberg, ProAct's President and CEO. "We chose Switzerland because its IT environment is very similar to that of Sweden. TNC is reputed for having such a huge amount of IT experience, so we will integrate very easily," Lundberg added. TNC Storage Consultants is a relatively new company with 10 employees. Like most of its clients, the company is based in the area of Zurich, and specializes in Storage Infrastructure integration, just like its new owner, ProAct. Other similarities are their business models, competences and suppliers. TNC will change its name to ProAct Datasystems AG. ProActs acquisition of TNC has been positively received by both customers and technology partners. "Clients will now benefit even further with the greater structure and expertise that our larger corporation brings," said Stephan Schneider, CEO for TNC Storage Consultants AG. For additional information, please contact Per-Arne Lundberg, CEO of ProAct IT Group AB, on +46 8 410 666 00, or e-mail itgroup@proact.se. Additional information and pictures are available at www.proact.se ProAct is a specialist and independent integrator with know-how, methods and products in the field of infrastructure for securing mission- critical information. The company, which is active in Denmark, Finland, Norway, Sweden and Switzerland, focuses on medium-sized and large companies and organisations in need of secure and efficient handling of mission-critical information. Business is conducted in Copenhagen, Aarhus, Helsinki, Uleåborg, Oslo, Bergen, Stavanger, Trondheim, Stockholm, Gothenburg, Linköping, Lund, Sundsvall, Karlskrona and Zurich with a staff of more than 260, most of whom are technically oriented. What sets ProAct apart is the technical expertise and competence of its personnel. ProAct IT Group AB is listed on the O-list of the Stockholm Stock Exchange, Attract40. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.bit.se/bitonline/2001/06/06/20010606BIT00700/bit0002.doc http://www.bit.se/bitonline/2001/06/06/20010606BIT00700/bit0002.pdf