Skanditek's subsidiary MYDATA gives notice of redundancy affecting 40 employees

Skanditek's subsidiary MYDATA gives notice of redundancy affecting 40 employees 

Skanditek's subsidiary MYDATA gives notice of redundancy affecting 40 employees,
see attached press release from MYDATA automation AB.

Stockholm, April 7, 2009

SKANDITEK INDUSTRIFÖRVALTNING AB (publ)

For more information, please contact:
Patrik Tigerschiöld, CEO,
phone +46-8-614 00 20, email patrik.tigerschiold@skanditek.se

Skanditek is an industrial holding company with investments primarily in Swedish
companies. The business concept is to generate sustainable and healthy value
growth by means of industrial management of operational companies. The portfolio
comprises ten investments in the electronics, bio/medical technology and
services sectors. The portfolio companies are Bure Equity, AcadeMedia, MYDATA
automation, PartnerTech, Vitrolife, CMA Microdialysis, Theducation, The Chimney
Pot, H.Lundén and Aptilo. Skanditek is listed on NASDAQ OMX Stockholm, Mid Cap. 


Press release

MYDATA automation gives notice of redundancy affecting 40 employees in Sweden.

Bromma, Sweden, April 7,  2009

MYDATA automation AB is today giving notice affecting 40 employees in Sweden. 

The global market for surface mount equipment has continued to be weak. The
financial downturn giving delayed investments decisions and difficulties for our
customers to find financing have had a negative impact on MYDATA sales.

“We have during the last 12 months introduced new generations of our product
platforms-  MY100 and MY500. Our position is strong with a highly competitive
product portfolio. The action we are taking now is to adjust our cost level to
reflect the current market situation. In the coming process we will thoroughly
evaluate our need for core competences and make sure we have the ability to ramp
up quickly when we see that the market recovers” says Bengt Broman, CEO of
MYDATA.

Notice of redundancy is affecting in total 40 out of 180 employees in Sweden. In
addition to the notice the company has introduced a general cost reduction
program. The programs will give full effect from the third quarter 2009.
Restructuring charges will be approximately
8 MSEK during the second quarter 2009.

Information and negotiations with the local trade unions have started. All
employees in Sweden have been informed.

Bengt Broman

MYDATA automation AB
Box 20155
161 02 STOCKHOLM/BROMMA
SWEDEN
Tel: +46-8-4755500
Fax: +46-8-4755501

MYDATA automation designs, manufactures and markets SMT process equipment for
the electronics industry. Its mission is to be always innovating - in order to
satisfy the electronic industry's need for surface mount technology and services
that meet the highest demands in terms of productivity and quality.

Based on a modular hardware and software design, MYDATA equipment has been
developed for flexibility and high-yield production over time. By focusing on
faster changeovers and set-ups, and on achieving the lowest possible cost per
mounted component, MYDATA has built a strong customer base and long-term
relationships with customers in countries throughout the world.

Sweden-based MYDATA has a worldwide sales and customer support network with
subsidiaries in the Netherlands, the United Kingdom, France, the United States,
Japan, China and Singapore.

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