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Bure Equity: Bure Acquires Stark and Convenio from Citat.


Business Editors

GOTHENBURG Gothenburg: see Göteborg, Sweden. , Sweden--(BUSINESS WIRE)--April 26, 2001

Bure Bure can be:
  • River Bure, a river in Norfolk,England.
  • Bure, Belgium, a small village in the Belgian province of Luxembourg, known for the Chantoir (sinkhole) de Bure.
  • Bure Equity, Swedish investment company.
  • Bure, Switzerland, municipality of the Canton of Jura.
 Equity is acquiring the event company, Convenio, and the film production company, Stark, from Citat.

Through the acquisition, the companies become independent and will be given increased opportunities to grow within their sectors under their own brand names. The companies will be included in Bure's investment area Media & Information.

"With Bure as the direct principal owner, Stark and Convenio will be able to develop their operations more successfully and thus become even more competitive. The companies will be able to make better use of growth opportunities within their respective niches," says Per Lundgren Lundgren is a Swedish surname and may refer to:
  • Anders Lundgren
  • Bo Lundgren
  • Carl Lundgren
  • Dolph Lundgren
  • Emanuel Lundgren of the group "I'm from Barcelona"
  • Eva Lena Lundgren
  • Jeffrey Lundgren
  • Kerstin Lundgren
  • Nils Lundgren
, Investment Manager, Bure.

Stark is one of Sweden's leading companies within film production for advertising, information and 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
. Customers include several major Swedish companies This is a list of Swedish companies: Companies
  • A&E design
  • Asea Brown Boveri (Swedish-Swiss)
  • Alfa Laval
  • Akzo Nobel (Swedish-Dutch)
  • Arla Foods (Swedish-Danish)
  • Arla Plast
  • Autoliv
  • ASSA ABLOY
  • AstraZeneca (Swedish-British)
 and Stark has made a number of productions which have attracted considerable attention. The company has also made a name for itself as an early adopter of new technology and has been a driving force within webcasting and digital production. Stark reported sales of 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.
 44M in 2000 and has offices in Stockholm and Gothenburg.

Convenio is one of Sweden's leading companies in the events sector with a focus on large venues such as product launches, annual general meetings and customer events. In 2000, Convenio reported sales of SEK 43M. The company has offices in Stockholm and Gothenburg.

For Citat, the sale involves a consolidation of its operations. The company will now focus on making companies' market communication processes more efficient through services and system solutions.

Citat has been included in the Bure Group since 1996 and has developed into the foremost company in Sweden for services and system solutions for improving the effectiveness of corporate market communication. Citat has approximately 270 employees and offices in Stockholm, Gothenburg, Vasteras and London.

Gothenburg, 26 April 2001

Bure Equity AB (publ)

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Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 26, 2001
Words:348
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