MALMO, Sweden, Feb. 11, 2002 (PRIMEZONE) -- Teleca's public offer to the shareholders of AU-System has, following the end of the extended acceptance period on February 6, 2002, finally been accepted to such extent that Teleca has become owner of 99.1 percent of the shares in AU-System. After full warrant subscription, Teleca's holding amounts to 98.2 per cent of the shares in AU-System. As previously announced, settlement is expected to begin on February 18, 2002 for those who have accepted the offer during the extended acceptance period.
Teleca intends to initiate a compulsory acquisition of the outstanding shares in AU-System shortly.
About Teleca
Teleca is a world-class supplier of software engineering services for advanced systems, electronic equipment and applications. Our business concept is to strengthen our customer's market position and time-to- market. This is achieved by providing professional teams with specialist technical expertise, working in partnership with development-intensive companies world-wide. Teleca is listed on the O-list of the Stockholm Exchange. We have more than 1,200 employees and development offices throughout Europe (www.teleca.com).
About the new group
The merger between Teleca and AU-System will create one of Europe's largest high-end consulting groups focused on new technology and R&D with a strong presence in the Nordic region, UK and France. Teleca and AU-System complement each other in terms of service offerings, client base and geographical reach
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CONTCAT: Teleca AB (publ), Malmo
Nick Stammers, CEO
+44 7768 32 35 35
www.teleca.com
AU-System, Stockholm
Tomas Franzen, CEO
+46 70 576 32 05