ESPOO, Finland, March 20, 2002 (PRIMEZONE) -- TietoEnator acquires the CIS activities (Customer Information Systems) of ABB Energy Information Systems with 61 employees, and 50% of the shares of Prototum AB from ABB Energy Information Systems AB. After this transaction, TietoEnator owns 100% of the shares of Prototum AB. Prototum own all IPR's (Intellectual Property Rights) to Elegansplus, a market leading system for customer handling in the Swedish energy market.
"The Nordic countries are often looked on as a kind of test-bed for the energy sector. Competition here is more open than in many other parts of the world, and market forces dominate. Our portfolio of targeted services and expertise in the energy sector reflects this situation TietoEnator Energy focus both on partnerships and repeatable solutions. This transaction is very important to get a good foothold in the Swedish market. We also see cross border synergies between Nordic countries," said Per Bakseter, Vice President, TietoEnator Energy.
TietoEnator Energy offers complete IT services to large and medium-sized power producers, energy sales companies, grid operators and energy users. TietoEnator manages all the information systems within the energy chain, from production to transmission and sales, and specializes in IT solutions and consultancy services. TietoEnator also provides operation and maintenance services.
"The - CIS - Customer Information Systems' operation part of our company is not in the mainstream of to the utility and power technologies businesses in ABB. It was important for us to get a solid partner that takes over the service and support of our customers," said Goran Sjostedt, Managing Director, ABB Energy Information Systems AB.
ABB Energy Information Systems AB located in Stockholm, earlier named Kraftdata, has been servicing utility customers with their customer information and billing systems for more than 10 years under various ownership from e.g Kommundata, Enator, Birka Energi, and ABB. The company became a majority owned subsidiary of ABB AB three years ago after some years with minority interest in Kraftdata. ABB is a global leader in power and automation technologies with over 155,000 employees in more than 100 countries.
With almost 11,000 employees and annual net sales of EUR 1.1 billion, TietoEnator is a leading supplier of high value-added IT services in Europe. TietoEnator specialises in consulting, building and hosting its customers' business operations in the digital economy. The Group's services are based on a combination of deep industry-specific expertise and latest information technology. www.tietoenator.com
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