Semcon sells its shareholding in Euromation AB

Semcon’s sale is part of a larger transaction where EuroMaint will acquire all the shares of the maintenance company Euromation from Volvo Technology Transfer AB, Powertrain AB and Volvo Cars AB. “The deal is a further step in focusing the business and freeing up Semcon’s resources. The resources will be used in our long-term investment in becoming an internationally leading design and development company. Our investments over the past 12 months include the acquisition of ComTest, Propeller and Pentech, plus setting-up Zound by Semcon. More information about Semcon’s long-term strategy will be published in conjunction with the interim report on 16 August and on our capital markets day on 18 August,” says Hans Johansson, Semcon AB’s CEO. Semcon expects to continue its partnership with Euromation under its new ownership. For more information, please contact: Hans Johansson, CEO, +46 (0)70 591 43 34 Bengt Nilsson, CFO, +46 (0) 70 447 28 68