Teleca continues to focus on R&D - sells SandbergTrygg

Teleca continues to focus on R&D - sells SandbergTrygg Teleca intends to sell Business-to-Business agency SandbergTrygg to Bure Equity. The sale is part of Teleca's focus on R&D. "The sale is part of Teleca's focus on R&D, which means that Teleca concentrates its power on developing the products and systems of tomorrow and becoming Europe's leading consulting company within R&D and new technology," said Joachim Jaginder, CFO of Teleca. SandbergTrygg is a leading player within market communications with focus on business-to-business. The company has offices in Stockholm, Gothenburg, Malmö and Hong Kong with approximately 80 employees. The buyer is Bure Equity, a growth and knowledge company focusing on investing in, developing and structuring companies, which have the potential to become leading enterprises in their respective sectors. SandbergTrygg's results are consolidated in the Teleca Group through March. A sale has been taken into account in Teleca's acquisition of AU-System, thus there will be no effect on the result, or in goodwill or equity, in the Teleca Group. The pre-tax result in SandbergTrygg during 2001 was SEK -21.2 M including goodwill write-down and amortisation of SEK 12 M. The payment for the assets in SandbergTrygg is book value plus SEK 15 M. There could be an additional payment based on SandbergTrygg's results during 2002 and 2003. For further information, please contact: Joachim Jaginder, CFO,Teleca AB Tel: +46-8-579 116 01, Cell + 46 706 69 76 64 Teleca is one of Europe's leading consulting companies in new technology and R&D. Our business concept is to strengthen our customer's market position and time-to-market. This is achieved by providing professional teams with specialist technical expertise to work in partnership with development- intensive companies all over the world. The Group has more than 2,200 employees in 13 countries. It occupies a strong position in the Nordic countries, the UK and France. Teleca is listed on Stockholmsbörsen's Attract40. www.teleca.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/05/06/20020506BIT00270/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/06/20020506BIT00270/wkr0002.pdf