TietoEnator acquires Applied Relational Technology AS (ART)

TietoEnator acquires Applied Relational Technology AS (ART) TietoEnator has acquired the business activity of IT-company Applied Relational Technology AS (ART). The acquisition significantly strengthens TietoEnator's oil and gas expertise within the fields of production, transportation and trading. All the former ART employees will be included into the existing unit of TietoEnator's Oil and Gas division. The acquisition opens new possibilities for co-operation between TietoEnator and its customers. As a "one-stop" company we provide professional expertise and IT support systems covering the major oil and gas areas from field production and transportation network through point of sales. The energy sector is one of TietoEnator's most important areas. We are the largest IT consultant within the oil and gas sector in Norway. Through pointed recruiting, co-operation and internal development, TietoEnator has built a solid IT know-how and how to apply this within the oil and gas industry. Today, the company is recognised as a leading European supplier of expertise and IT-solutions within this industry. TietoEnator and SAP have recently agreed to integrate TietoEnator's oil and gas programs and components into the "SAP Oil & Gas for Exploration and Production" program suite. Our customers are serviced from TietoEnator's offices in Stavanger, Bergen, Trondheim and Oslo. International ventures are in the making. "The most important reason for our success in the oil and gas industry is our combination of business know-how and information technology expertise and that we are considered amongst the most attractive employers by highly skilled IT professionals." says Ragnhild Olsen vice president, Oil and Gas. "TietoEnator is emphasising long-term relationships. Quality, reliability and ability to deliver are key words for our strategy for the Oil and Gas industry. The acquisition of ART is one part in the realisation of this strategy." says Per Bakseter, president of TietoEnator Consulting and country manager for TietoEnator's total engagements in Norway. "The merger opens new sales opportunities and strengthens our ability to deliver. It also establishes an excellent foundation in the Trondheim region for further expansion into the national and international oil and gas market. Our employees will get new opportunities for personal development both within IT and the oil and gas business." says Odd-Erling Frøseth, president of ART. For more information please contact: TietoEnator Consulting AS Per Bakseter, President TietoEnator Consulting, and Country Manager in Norway, Phone: +47 2207600 or +4791369043 Ragnhild Olsen, Vice President Oil & Gas, TietoEnator Consulting Phone: +47 908 26020 ART Odd-Erling Frøseth, president of ART Phone +47 72893610 TIETOENATOR CORPORATION TietoEnator With a staff of 10,000 and an annual turnover of 1.2 billion euros, TietoEnator is a leading supplier of high value-added IT services in Europe. We can provide consulting, systems development and integration, operation and support and software services. We have in-depth knowledge of our customers' businesses in areas such as telecommunication, banking and finance, the public sector and the forest industry. Applied Relational Technology A/S (ART) ART offers general consulting services, specification and implementation of IT solutions, to the oil and gas industry. The company was incorporated in 1988 and is located in Trondheim. Its customers are the larger oil and gas operators like Norsk Hydro, Statoil and Saga Petroleum (now merged with Norsk Hydro). ART has focused on the down-stream activities, and its IT solutions covers production follow up, shipment of crude oil and refined products, sales follow up of crude oil and gas, allocation for transportation and storage, tariffs, and so on. ART combines a profound business know-how with a solid knowledge of modern information technology and utilises this combination in its projects and systems development/integration. The company has 9 employees. For more information, please contact us at +47 72 89 36 10. DISTRIBUTION Principal media ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/07/06/20000706BIT00040/bit0001.doc http://www.bit.se/bitonline/2000/07/06/20000706BIT00040/bit0002.pdf