STOCKHOLM, Sweden, Oct. 9, 2002 (PRIMEZONE) -- The previously announced negotiations regarding the sale of Sigma Maldata Network Solutions AB, with approximately 100 employees, to Bure-owned Cygate AB have now been completed.
The agreement is subject to the approval of the Swedish Competition Authority, which is expected to take one month.
Sigma Maldata Network Solutions is a market-leading company that offers products, solutions and services in the field of IT infrastructure. The company has about 100 employees and reported sales of SEK 243 M in 2001.
"The divestment is part of the ongoing streamlining of Sigma into a consulting company with a distinct focus on business-supporting IT and systems integration. As part of this process, Sigma has already divested the subsidiary CadSupport and will completely phase out the Network and Wireless Solutions business area," says Sune Nilsson, President of Sigma AB.
The divestment results in a capital loss of approximately SEK 58 million, corresponding to SEK 3.08 per share, which will be charged against third-quarter earnings. Sigma's net indebtedness will be reduced by slightly more than SEK 50 million.
Sigma supplies solutions and consultancy services within the IT field that safeguard customers' competitiveness. Operations are based on entrepreneurial, niche subsidiaries that develop services and products in close cooperation with customers. Services are offered within the business areas: Business Solutions, IT Solutions and Network & Wireless Solutions. The Group has slightly more than 1,000 employees within some 30 subsidiaries in Sweden and three other countries. Sigma is listed on the O-List of the Stockholm Exchange. www.sigma.se.
For further information, contact: Sune Nilsson, President, Sigma AB, +46 703-79 15 28
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