MALMO, Sweden, May 6, 2002 (PRIMEZONE) -- Teleca has acquired IT consulting company Erda Technology, which has cutting-edge skills within embedded systems and communications solutions. As a result of the acquisition, Teleca strengthens its leading position in Life Science, one of the company's prioritised business areas.
Erda, which was formerly part of Bure Equity, will be incorporated with the operations of Teleca's subsidiaries in Uppsala and Linkoping.
"These are attractive regions, with extensive high-tech industries. Furthermore, Teleca has a Life Science development center in Uppsala, a region characterised by strong and dynamic medical and biotechnology research activities. This acquisition means that we further strengthen our position in the field, and that we can supply a more comprehensive range of services," said Thomas Pantzar, Executive Vice President at Teleca.
Teleca provides advanced services within three segments of the Life Science field: medical equipment, biotechnology products and the pharmaceuticals industry.
In Linkoping, Teleca is one of the leading suppliers of services within technical systems development and is also highly skilled within control technology-based electronics and software development. The acquisition of Erda means that the company's skills on the software side are strengthened even further.
Due to the size of the acquisition the effects on Teleca's results are marginal.
For further information, please contact: Thomas Pantzar, Executive Vice President, Teleca AB, telephone: +46-31-744 80 12, mobile: 0703-79 18 30
Teleca is one of Europe's leading consulting companies in new technology and R&D. 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 to work in partnership with development-intensive companies all over the world. The Group has more than 2,200 employees in 13 countries. It occupies a strong position in the Nordic countries, the U.K. and France. Teleca is listed on Stockholmsborsen's Attract40. www.teleca.com
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