Semcon signs order worth EUR 15 million with a German automotive OEM.

Semcon has signed an order with an automotive OEM in Germany, worth more than
EUR 15 million (around SEK 130 million) for development of a new car model.
The project involves expanding the current product family, which will include
the development of a derivative based on an existing coupé model.

“German manufacturers are strong in the global automotive industry and it is
pleasing to us that we have signed new contracts in this market. The deal also
confirms the trend of automotive OEM choosing to outsource larger projects to
independent engineering development companies,” says Stefan Ohlsson President,
Automotive R&D.

The project, with duration of three years, starts immediately with the concept
phase and enters the development phase by mid-2013. Semcon’s German business
will have primary responsibility for management and implementation of the
project.
Stefan Ohlsson, President Automotive R&D, +46 (0) 736 840 555
Markus Granlund, CEO Semcon AB, +46 (0) 31 721 03 11
Anders Atterling, IR & PR manager, Semcon AB, +46 (0) 704 472 819
Semcon is a global company active in the areas of engineering services and
product information. The Group has nearly 3,000 employees with extensive
experience from many different industries. We develop technologies, products,
plants and information solutions along the entire development chain and also
provide many services including quality control, training and methodology
development. Semcon boosts customers’ sales and competitive strength by
providing them with innovative solutions, design and solid engineering
solutions. The Group has sales of SEK 2.5 billion and activities at more than 45
sites in Sweden, Germany, the UK, Brazil, Hungary, India, China, Spain and
Russia