GOTEBORG, Sweden, June 14, 2005 (PRIMEZONE) -- Semcon's sale is part of a larger transaction where EuroMaint will acquire all the shares of the maintenance company Euromation from Volvo Technology Transfer AB, Powertrain AB and Volvo Cars AB.
"The deal is a further step in focusing the business and freeing up Semcon's resources. The resources will be used in our long-term investment in becoming an internationally leading design and development company. Our investments over the past 12 months include the acquisition of ComTest, Propeller and Pentech, plus setting up Zound by Semcon. More information about Semcon's long-term strategy will be published in conjunction with the interim report on 16 August and on our capital markets day on 18 August," says Hans Johansson, Semcon AB's CEO.
Semcon expects to continue its partnership with Euromation under its new ownership.
For more information, please contact: Hans Johansson, CEO, +46 (0)70 591 43 34 Bengt Nilsson, CFO, +46 (0) 70 447 28 68
Semcon is an internationally leading design and development company, with around 1,500 employees and sales in 2004 of SEK 1.3 billion. Semcon's consultants develop products, processes and people. The combination of good growth over 25 years and well-established relationships with leading industrial groups provides a strong base for continued success. Semcon AB (publ) is listed on the O-list of Stockholmsborsen and is currently active in Sweden, Australia, China, Denmark, Malaysia, Norway and the UK and, via partners, in Belgium, France, Greece, the Netherlands, Philippines, Portugal and Spain.
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