Semcon strengthens its position in the telecom sector by signing outsourcing agreement

Semcon strengthens its position in the telecom sector by signing outsourcing agreement Semcon and Ericsson in Norway have signed a partnership agreement concerning the supply of consulting services in the data communication sector. The agreement also means that around 30 employees from Ericsson will join Semcon in Asker and Grimstad as of 1 May. The agreement initially covers assignments until the end of 2003. "Semcon sees this partnership as an important business opportunity that will strengthen our position in the telecom sector", says Hans Johansson, Semcon AB's CEO. "Ericsson is an important customer for Semcon and this agreement is a step in our long-term strategy of focussing on a number of prioritised growth industries, of which one is the telecom sector", he continues. "The long experience and advanced skills of the Ericsson employees in data communication will be valuable in other sectors and other countries, which is why we view them as an excellent addition to the Semcon Group", he concludes. For more information, please contact: Hans Johansson, CEO, Semcon AB, tel + 46 705 91 43 34 Lennard Lat, MD, Semcon Denmark AS, tel + 45 288 607 00 Semcon is one of Scandinavia 's leading design and R&D consulting businesses with approximately 1600 employees and over SEK 1.100 million in sales in 2001. Semcon develops products, processes and human resources in partnership with leading industrial companies. The combination of profitability over the past twenty years and Semcon 's long relationships with leading industrial companies forms the basis for continued success. Semcon AB (publ.) is listed on the OM Stockholm Stock exchange's O-list, Attract 40. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/05/08/20020508BIT00390/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/08/20020508BIT00390/wkr0002.pdf