AerotechTelub Information & Media AB and Sörman Information AB combine to form Sweden's largest technical information co

AerotechTelub Information & Media AB and Sörman Information AB combine to form Sweden's largest technical information company The merger will create a new company with roughly 250 employees, and its size will enable it to more efficiently develop modern information solutions and produce advanced technical information for a broader and larger market. The primary markets for the new company are the Swedish armed forces and Swedish industry. The industrial focus will be in the automotive, defense and telecom industries. Following the merger, AerotechTelub will own 25.3% of the new company. AerotechTelub will receive cash compensation of SEK 30 million as part of the arrangement. Other major actors comprise Investor Growth Capital and Nordico (the 6th National Swedish Pension Fund). The company's main offices will be in Växjö, and there will also be regional offices in Stockholm, Göteborg, Linköping and Malmö. The president of the new company will be Håkan Segerborg, while the board of directors will be chaired by Dan-Åke Enstedt. AerotechTelub is a service company that offers advanced technical services, maintenance and customized system solutions in IT, electronics and space technology for military and civil defense, government departments and public authorities, as well as selected niches in the private sector. AerotechTelub, a company in the Saab Group, has 2,650 employees and annual sales of SEK 2.5 billion. Saab is one of the world's leading high- technology companies, with its main operations focusing on defense, aviation and space. Sörman Information is one of Europe's leading companies in the field of aftermarket information for technically advanced products and systems, with customers in the defense and aviation industries (Boeing, Bofors Defence, Eurocopter, Krauss-Maffei Wegmann, Saab Bofors Underwater Systems, Saab Bofors Training Systems), the automotive industry (Saab, Volvo, Volvo Construction Equipment), and the telecom industry (Ericsson, Telia, Minolta). Sörman provides both resources for information production and systems for the efficient production, management and distribution of aftermarket information in customized engineering applications. For additional information, please contact: Håkan Segerborg, President of Sörman Information AB and future president of the new company Tel: 0733-11 80 70 e-mail: hakan.segerborg@weseba.com Dan-Åke Enstedt, Vice president of AerotechTelub AB and future chairman of the board for the new company Tel: 073-668 84 30 e-mail: dan.enstedt@aerotechtelub.se Jan Hansson, President of AerotechTelub Information & Media AB, Tel: 070-572 77 65 e-mail: jan.hansson@aerotechtelub.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/09/25/20020925BIT00150/wkr0001.doc http://www.waymaker.net/bitonline/2002/09/25/20020925BIT00150/wkr0002.pdf

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