Teleca signs cooperation agreement with world leader in automotive segment

Teleca signs cooperation agreement with world leader in automotive segment Teleca has signed an agreement with Volvo IT covering IT consulting services. Under the agreement, Teleca will become one of five prioritized cooperation partners that combined will ensure 75 percent of Volvo IT's total requirement of about 600 consultants. Teleca signed the agreement jointly with Sigma and Epsilon. Teleca strengthens Volvo IT's operations by offering highly qualified services within system development and operations surveys. The agreement is for two years and the aim to establish a long-term cooperation. The agreement further secures Teleca's position in the automotive segment in Sweden and Europe. For additional information, contact: · Thomas Pantzar, Executive Vice President, Teleca AB, +46 31 744 80 10, +46 703 79 18 47. · Henrik Abel, Account Manager, Teleca Systems AB, +46 31 779 45 00, +46 703 79 14 33. About the Teleca group Teleca is one of Europe's leading high-end consulting groups focused on 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, working in partnership with development-intensive companies world-wide. The group has more than 2,200 employees in 13 countries with a strong presence in the Nordic region, UK, and France. Teleca is quoted on the Attract40 list of Stockholmsbörsen. For more information please visit 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/2002/04/05/20020405BIT00160/wkr0001.DOC http://www.waymaker.net/bitonline/2002/04/05/20020405BIT00160/wkr0002.pdf