Atle enters Proline AB as a partner.Business Editors STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden--(BUSINESS WIRE)--March 31, 2000 Atle AB -- Atle acquires 30% of Proline proline (prō`lēn), organic compound, one of the 20 amino acids commonly found in animal proteins. Only the l-stereoisomer appears in mammalian protein. AB of Gavle, Sweden -- Proline has a unique method for repairing housing pipe-work, creating huge market potential Proline AB, with its subsidiary Svensk Rorinfodring AB, has patented a method for constructing pipelines within existing housing sewage Sewage Water-carried wastes, in either solution or suspension, that flow away from a community. Also known as wastewater flows, sewage is the used water supply of the community. It is more than 99. pipe-work and ventilation ventilation, process of supplying fresh air to an enclosed space and removing from it air contaminated by odors, gases, or smoke. Proper ventilation requires also that there be a movement or circulation of the air within the space and that the temperature and ducts. From a production perspective, this method is faster and cheaper than conventional equivalents, by which pipe-work is swapped out swapped out - swap entirely. During the production time, which is far shorter than in traditional changeovers, no costly tenant relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation. 2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. is necessary. The company has doubled its sales every year since incorporation and is now considering an international expansion, primarily in Germany. During the financial year 1999/2000, sales will be approximately 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. 12 m, with earnings of around SEK 1.5 m. The company has 15 employees. "The Proline method is still relatively unrecognised on the market," admitted Sten Edstrom, Proline's Chief Executive and founder, "but with Atle's entry as owner, strong prospects for an aggressive approach to the market have been put in place. Our objective is that within a five-year period, Proline will become an established alternative to other methods for repairing sewage pipes." Jim Jonsson, Atle Tjanste & Handel's Investment Manager, noted that: "Proline is an exciting and innovative enterprise, with from an environmental perspective, a very timely focus- more than 15 million metres of housing pipe-work constructed in the 1960s needs to be replaced because of corrosion and cracks." 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 Atle AB (publ) 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 (26% of invested capital) are in IT and other technology enterprises. Atle is quoted on the Stockholm Stock Exchange's A-list and has approximately 14,000 shareholders. ----------------------- Please visit http://www.bit.se for further information 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/2000/03/31/20000331BIT00370/bit0001.doc http://www.bit.se/bitonline/2000/03/31/20000331BIT00370/bit0002.pdf |
|
|||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion