Ratos - Giga sells operations to Martinsson
Ratos's two associated companies Giga Consulting and Martinsson Informationssystem have concluded an agreement under which Martinsson will take over Giga's operations within the areas Windows infrastructure and Project management. This transfer of operations affects some 25 employees.
Giga Consulting, which at year-end 2002 had a book value in Ratos of SEK 1m, will no longer be reported as a Ratos holding once today's deal has been implemented. The book value of Martinsson Informationssystem will not be affected by the transfer. The deal is only expected to have a marginal impact on Ratos's results.
For additional information, please contact
Anna-Karin Celsing,
Head of Corporate Communications Ratos,
+46 8 700 17 49
Lars Pettersson,
CEO Martinsson Informationssystem,
+46 70 517 28 02
Financial calendar from Ratos:
Interim Report January-March 2003 12 May 2003
Interim Report January-June 2003 27 August 2003
Interim Report January-September 2003 12 November 2003
Ratos is a listed private equity company. The business concept is to maximise shareholder value over time by investing in, developing and divesting primarily unlisted companies. Ratos thus offers stock market players a unique investment opportunity. The net asset value of Ratos's investments is more than SEK 8 billion. Ratos's holdings include Arcorus, Atle Industri, Camfil, Capona, Dahl, DataVis, DIAB, Dynal Biotech, Gadelius, Giga Consulting, Haendig, Haglöfs, Hilding Anders, HL Display, Industri Kapital, Intervect, Lindab, Martinsson, Overseas Telecom, Q-Labs and Superfos.
Drottninggatan 2
Box 1661 SE-111 96 Stockholm
Sweden
Telephone +46 8-700 17 00
Telephone +46 8-700 17 00
Telefax +46 8-10 25 59