Addnode Group

M&A Activity • Mar 3, 2016

Press release

Addnode Group merges the subsidiaries Tekis and Cartesia

STOCKHOLM, MARCH 3, 2016 – Addnode Group has decided to consolidate the subsidiaries, Tekis and Cartesia. The purpose is to strengthen our offering of products and services to private and public customers in Sweden and Norway, and to further support our position within the GIS field. The new consolidated company will be able to offer customer solutions, meeting the growing needs for effective and user-friendly business support.

The consolidation of Tekis and Cartesia with [120] employees is a merge of competence and technology. The new company will be a leading Swedish provider of municipal GIS and technical systems with a strong product portfolio and service offering.

• The goal for the Swedish Government is to be the world leading state of working digitally and we will contribute to this transformation by providing innovative IT solutions that do the job, says Andreas Wikholm, President of Addnode Group's business area, Process Management.
• It is very exciting and inspiring to be involved in building a new business based on products and solutions from two market leading companies. The goal is simple, our customers will be offered the most qualified and innovative systems within IT and comprehensive municipal solutions, says Lars Österberg, CEO of Tekis Cartesia.

TekisCartesia is a part of Addnode Group's business area, Process Management, which is a leading provider of IT systems and services, primarily to the public sector in Sweden and Norway. Customers include government agencies, 270 of the Swedish municipalities, as well as a large number of privately held companies. The business area includes the subsidiaries Abou, Arkiva, Decerno, Ida Infront, Kartena, Mittbygge, Prosilia, TekisCartesia and partly owned Kompanion. Net sales amounted to 440 MSEK in 2015.

For more information, please contact:

Staffan Hanstorp, President and CEO of Addnode Group AB

Tel: +46 (0) 733 77 24 30, e-mail: staffan.hanstorp@addnodegroup.com

Andreas Wikholm, President Addnode Group Process Management Tel: +46 (0) 70 394 42 07, e-mail: andreas.wikholm@addnodegroup.com

About Addnode Group

Addnode Group offers operation-critical IT-solutions to selected markets within both private and public sectors. We acquire, build and develop companies that deliver operation-critical IT solutions for specific needs from our customers. Every day, 500,000 engineers use our systems to develop and maintain products, buildings and installations. 100,000 employees in the public sector use our solutions for municipal and government management. We have 1,200 employees in Sweden, Austria, Denmark, Finland, Germany, India, Norway, Slovakia, the UK and the US and Serbia. Net sales in 2015 amounted to SEK 1,900 M. Addnode Group's Series B share is listed on the Nasdaq Stockholm. For more information, please visit www.addnodegroup.com.