Elanders has signed an agreement to acquire 80 % of the shares in Artcopy Reproduçao de Imagens ltda. (Artcopy) in São Paulo, Brazil. The Group has worked together with Artcopy for several years and the company, among other things, supplies Elanders' automotive customers in Brazil with manuals and other driver information. Artcopy has a turnover of some MSEK 20 and around 50 employees. The company mainly works with digital print and fulfillment services. The transaction is expected to be completed during August and operations will be consolidated into the Elanders Group starting September 2007. The acquisition is an important step in the Group's continued expansion in the business area Infologistics and it strengthens Elanders' capacity to deliver globally to larger industrial customers. Artcopy will also be a vital platform for the Group's ability to expand in Brazil where several international industrial groups are established. Elanders AB (publ) Questions concerning this press release will be answered by Patrick Holm, President and CEO, telephone +46 31- 750 07 50 or Mats Almgren, CFO, telephone +31 750 07 60. The press release can be downloaded from the following link:
Elanders AB (publ): Elanders continues its global expansion and acquires its partner in Brazil
| Source: Elanders AB