SWECO PIC to Acquire the R&D Service Business of Capricode

SWECO's subsidiary SWECO PIC and Capricode Oy have signed a Letter of Intent on the sale of the Telecom Business Unit of Capricode to SWECO PIC, effective on January 1st, 2006.

Capricode is a leading mobile device management solution provider. Its Telecom Business Unit has a turnover of 1 million euro with 20 software engineers providing mobile product development and testing services. The unit is located in Oulu, Finland. – We offer comprehensive product development services for telecommunications companies. The Capricode team strengthens our electronics competencies in two key areas: software engineering and mobile terminal products, says Sami Kangasharju, Vice President, Electronics Division of SWECO PIC. SWECO PIC's Electronics Division employs 230 electronics R&D engineers specialised in telecommunications product development. SWECO PIC is a major consulting and engineering company providing industrial customers with services in product development, production and plant investments. SWECO PIC employs 1100 consultants in Finland and Sweden.