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Semcon — M&A Activity 2008
Feb 8, 2008
3196_rns_2008-02-08_643538b3-de98-4cbf-a1cc-f4d4f17e35ad.pdf
M&A Activity
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Semcon has finalised the sale of the Zpider business area to Enfo Oyj the Finnish IT service provider
Semcon has today finalised the sale of the companies in the Zpider business area to Enfo Oyj. This agreement is a follow-on from the agreement signed by both parties on 31 December.
This deal means that Semcon has now sold 100 per cent of its holding in Zipper AB, Zystem Solutions by Semcon AB, Zingle by Semcon AB, Zuite AB and Semcon Innovation AB.
The sale also means that the business area's income statement, balance sheet and cash flow will be accounted for separately for 2007. An equivalent adjustment will be made for 2006 so that a relevant comparison can be made for the remaining business. The financial statement for 2007 to be published on 21 February will provide a detailed account of the effects of the sale.
For more information, please contact:
Kjell Nilsson, CEO, Semcon AB, +46 (0)702 60 01 21 Björn Strömberg, CFO, Semcon AB, +46 (0)708 35 44 80 Anders Atterling, IR manager, Semcon AB, +46 (0)704 47 28 19
Zpider
Zpider provides IT solutions that streamline and facilitate their customers' work. The four specialist companies in the business area are independent brands and they focus on specific solutions for general IT problems. Zpider's range is mainly geared towards large and mid-sized companies with complex IT infrastructures. Zpider's sales up to the end of September 2007 amounted to SEK 243 million and the operating profit after depreciation was SEK 37 million. The headcount at the end of September at the Zpider companies was 231. Zpider's share of Semcon's total sales was 11% during the period January to September 2007.
Enfo Oyj
Enfo is a Finnish Information Technology service provider. Its core mission is to offer easy to use Information Technology and Information Logistics services to companies and organisations. Enfo's 500 IT specialists make sure that its customers get the best out of their IT. Enfo's net sales are approximately EUR 100 million. www.enfo.fi
Semcon discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 2:30 p.m. on 8 February 2008.
Semcon är 3 700 engagerade människor som brinner för produktutveckling, teknikinformation och IT. Semcon finns idag i 15 länder på fem kontinenter. Semcon omsätter på årsbasis cirka 3,4 miljarder kronor (2006) och är noterat på Stockholmsbörsens nordiska lista.