AU-System Expands in Gothenburg Through Acquisition of Svenska Teknikbolaget.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Jan. 16, 2001 AU-System has acquired the Gothenburg based consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a Svenska Teknikbolaget AB with five employees. The acquisition, which is a step in AU-System's strategy to expand its telecom operations in the Gothenburg region, provides the company with access to an established customer base in the area. The acquisition enables AU-System to make time savings in the expansion and will also facilitate further recruitment to the Gothenburg office. "Gothenburg has enormous growth potential in the telecom area," says Bert Olsson, Office Manager at AU-System in Gothenburg. "We will now continue to expand our telecom operations in Gothenburg and we anticipate to grow by around 30-40 per cent in 2001." Svenska Teknikbolaget's list of customers already includes companies such as Rix Telecom AB, Bredbandsbolaget, Humany AB and the property company Poseidon. Svenska Teknikbolaget's operations will be incorporated into AU- System's Gothenburg office, which hereby will employ 35 people. AU-System has previously acquired C&C Consulting in Gothenburg in order to strengthen its expertise within strategic business and services development. The wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. SandbergTrygg also has an office in Gothenburg with about 50 employees. SandbergTrygg is the leading Business-to-Business advertising agency in the Nordic countries. AU-System acquires all shares in Svenska Teknikbolaget by cash. About AU-System AU-System is a leading Mobile Internet Refers to gaining access to the Internet using a lightweight, handheld device. See Mobile IP, PDA, smartphone and mobile TV. consultancy. Through the subsidiary SandbergTrygg, the company also offers integrated services In computer networking, IntServ or integrated services is an architecture that specifies the elements to guarantee quality of service (QoS) on networks. IntServ can for example be used to allow video and sound to reach the receiver without interruption. for marketing communications Marketing communications (or marcom) are messages and related media used to communicate with a market. Those who practice advertising, branding, direct marketing, graphic design, marketing, packaging, promotion, publicity, sponsorship, public relations, sales, sales . Major clients include Ericsson, Telia, Scania, Nordea and Singapore Telecom. AU-System was established in 1974 and currently employs more than 975 staff in offices in Sweden, the U.K., Italy, the U.S., Thailand and Singapore. AU-System is listed on the O-List of the OM Stockholm Exchange, under the symbol AUS AUS abbr. Army of the United States . For more information, please visit www.ausystem.com. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2001/01/16/20010116BIT00140/bit0001.doc http://www.bit.se/bitonline/2001/01/16/20010116BIT00140/bit0002.pdf |
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