Semcon signs order worth SEK 150 million in Germany

Semcon signs order worth SEK 150 million in Germany

A German automotive manufacturer has chosen Semcon as its partner for
derivative car development. The combined order amounts to around SEK 150
million and the project will run for a duration of three years,
involving several Semcon sites.

The project is starting now and manpower will gradually increase over
the autumn to reach full manning in 2011. 

“After a very turbulent time, we are now seeing increased activity on
the market in terms of enquiries for new car projects. Although lead
times are longer than before, it's pleasing that we can report that
we've won a major order,” says Stefan Ohlsson, President of the
Automotive R&D business area. 

“The order is also proof of our combined skills and experience in
complete automotive development, and the benefit of our local presence
with the ability to utilize the global company's overall knowledge,”
concludes Ohlsson.
 

For more information, please contact:
Anders Atterling, IR Manager, Semcon AB, +46 (0)704 47 28 19
 

This information is such that Semcon AB must publish according to laws
governing the securities market and/or laws governing trading in
financial instruments. This information was published at 11.35 a.m on 16
July 2010.  

Semcon is a global company active in the areas of engineering services
and product information. The Group has around 2,600 employees with
extensive experience from many different industries. Semcon develops
technology, products, plants and information solutions along the entire
product development chain and also provides many other services
including quality control, training and methodology development. Semcon
boost customers' sales and competitive strength by providing them with
innovative and solid engineering solutions. The Group has sales of SEK
2.3 billion with activities at more than 40 sites in Sweden, Germany,
the UK, Brazil, Hungary, India, China, Spain, Malaysia and Russia.
Semcon's shares are listed on the Nasdaq OMX Stockholm under the SEMC
ticker.