GOTEBORG, Sweden, Jan. 25, 2005 (PRIMEZONE) -- Acquisition of Propeller, the well-reputed design agency, underpins Semcon's position as one of the most prominent design and engineering companies in Europe. With Propeller, Semcon gains a group of designers repeatedly recognised for their innovativeness. Propeller has shown it is possible to generate additional sales by giving everyday items a design that is attractive to customers.
Robin Edman, CEO of SVID, Swedish Industrial Design Foundation, comments on Semcon's acquisition of Propeller:
"It's excellent that the Swedish design industry is beginning to adapt to the international market. Otherwise we would soon have the major foreign industrial design companies here. There are many small enterprises in the industrial design industry in Sweden, making it difficult for us to become international."
For more information, please contact: Hans Johansson, CEO Semcon AB, phone +46 705 914334
Semcon is one of the leading design and development companies in the Nordic region, with around 1,500 employees and sales in 2003 of SEK 1.2 billion. Semcon's consultants develop products, processes and people. The combination of good growth over 25 years and well-established relationships with leading industrial groups provides a strong base for continued success. Semcon AB (publ) is listed on the O-list of Stockholmsbörsen and is currently active in Sweden, Australia, China, Denmark, Malaysia, Norway and the UK and, via partners, in Belgium, France, Greece, the Netherlands, Philippines, Portugal and Spain.
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