STOCKHOLM, Sweden, June 5, 2001 (PRIMEZONE) --Intentia International AB (publ) (XSSE:INTB), in line with the agreement signed in 1998, Intentia International acquires an additional 14 percent of the shares in Intentia Australia. This brings Intentias holding in Intentia Australia to a total of 65 percent. In the original 1998 agreement, Intentia acquired 51percent of its former independent business partner in Australia as well as an option to acquire the outstanding shares. Intentia will acquire the remaining outstanding shares during the course of 2001.
About Intentia International AB (publ)
Over the past few years, Intentia International AB has concentrated on positioning itself to meet the demands it anticipated would arise from the new e-economy era. Intentia has developed its Movex product from a traditional ERP system to a complete e-Collaboration solution that can manage all the demands of the new economy. Movex offers Intentias customers the key to success, with its applications for customer relationship management (CRM), enterprise resource planning (ERP), Supply Chain Planning & Execution (SCPE), partner relationship management (PRM), business performance management (BPM) and e-business. Intentia is well-positioned to respond to market needs when the "e" (electronic) evolves into "c" (collaboration), working hard to satisfy customers through its organization of more than 3,800 professionals serving in excess of 3,500 customers in over 40 countries around the world. Intentia is a public company traded on the Stockholm Stock Exchange (XSSE) under the symbol INT B.
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