Atle Acquires 30% of Internet Portal News Presslink.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Sept. 19, 2000 * Atle investing SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 17 m, acquiring 30 per cent of News Presslink. * News Presslink developing a www portal for the press sector in collaboration with WM-data, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and MAN Roland MAN Roland is a German sheetfed and web press manufacturer. MAN is an abbreviation for Maschinenfabrik Augsburg-Nürnberg (German: Machine Works of Augsburg and Nürnberg). Full company name: MAN Roland Druckmaschinen AG. . Atle has invested in News Presslink which, alongside WM-data, IBM and the world's biggest printing and distribution corporation MAN Roland, is launching a total concept solution for media and newspaper corporations seeking to establish or consolidate their presence and brand on the www. The basic concept is that using News Presslink's unique platform, newspapers can create their own portal, offering readers customised selection of their desired reading. At present, established contacts exist with several newspapers through out the world, with Telegraaf Group in Amsterdam the first customer. In addition, the portal will be able to provide press advertisers and sales functions with more insight into readers' purchasing patterns. By using this information, it is possible to produce reader profiles resulting in a newspaper specifically tailored for a target group, while fully individualised Adj. 1. individualised - made for or directed or adjusted to a particular individual; "personalized luggage"; "personalized advice" individualized, personalised, personalized single-edition publications will soon become a reality. Leif Pilhage has been appointed temporary CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. from 1 October. Mr. Pilhage was a founder of Programator, which merged with Cap Gemini in 1992. Mr. Pilhage was a member of the Nordic management team. Roland Bengtsson, CEO Atle Teknik, commented: "We view News Presslink as an extremely attractive media investment. The press sector is in transformation and needs a professional partner for its www initiatives. News Presslink has already attracted sufficient attention in the sector to provide the product with excellent prospects of achieving rapid international success. News Presslink is party to a global market collaboration with MAN Roland- the best partner imaginable i·mag·i·na·ble adj. Conceivable in the imagination: imaginable exploits. i·mag . With Atle as a strong owner, the company can offer the market a very solid concept alongside its other collaboration partners." Bo Johansson Bo Johansson, nicknamed "Bosse", (born 27 November 1942) is a Swedish former football player and current football coach. Johansson was a player for fourteen years with Kalmar FF and Lindsdals IF, though he did not win any trophies as a player. and Ola Kraft, founders of News Presslink, said: "Atle's entry into News Presslink AB provides us with an extremely solid and credible partner with an international trade network that will be contribute to accelerating our international expansion. Our market, the press industry, appreciates the fact that we have partners that can contribute expertise to the transformation process newspapers and the media are facing as a result of the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the ." Atle - Key Facts Atle is a growth company that intends to be 2-3 times its current size in 5 years' time. Atle is a private equity player, investing in unlisted companies, participating actively in their development, and after a few years, finding them a suitable new home--through an exit--thereby realising value growth. Since 1993, the Atle group's earnings have risen progressively, from SEK 373 m to SEK 1,025 m in 1999. Atle maintains a high transaction tempo tempo [Ital.,=time], in music, the speed of a composition. The composer's intentions as to tempo are conventionally indicated by a set of Italian terms, of which the principal ones are presto (very fast), vivace (lively), allegro (fast), , acquiring over 20 enterprises across all sectors each year. Since inception in 1992, Atle has invested in approximately 200 businesses and exited from over 100. Its annual return from these exits has exceeded 50%. 43 of its holdings, 28% of invested capital, are in IT and other technology enterprises. Atle is quoted on the Stockholm Stock Exchange's A List and has over 17,000 shareholders. ATLE AB (Publ) P.O. BOX 7308 S-103 90 STOCKHOLM SWEDEN VISITING ADDRESS: REGERINGSGATAN 48 TELEPHONE +46 (0)8 506 10100 TELEFAX +46 (0)8 506 10110 CORPORATE IDENTITY NO.: 556454-8799 ------------------------------------------------------------ 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/2000/09/19/20000919BIT00090/bit0001.doc http://www.bit.se/bitonline/2000/09/19/20000919BIT00090/bit0002.pdf |
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