Carmen Systems to be Acquired by Boeing - InnovationsKapital Makes a Return on Investment of 9X in Cash.STOCKHOLM, Sweden -- InnovationsKapital and other major shareholders have entered into an agreement to sell all of its interests in Carmen Carmen throws over lover for another. [Fr. Lit.: Carmen; Fr. Opera: Bizet, Carmen, Westerman, 189–190] See : Faithlessness Carmen the cards repeatedly spell her death. [Fr. Systems to The Boeing Company. As a result, the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). to InnovationsKapital are at least 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. 190 million, equivalent to 9 times the invested capital. InnovationsKapital has in total invested SEK 21 million. Since InnovationsKapital's investment, Carmen Systems has developed into a leading resource optimization solution provider in the railroad and airline industries. Long term involvement pays off "Carmen is a good example on how InnovationsKapital invests in early stage, technology companies in the Nordic region and supports them to grow globally and enter into the world market. The company has had an impressive development during the years of InnovationsKapitals' participation. We have seen the company grow from a very small venture to 300 employees. The management has succeeded in turning Carmen into a leading international business in its field," says Gunnar Fernstrom, Investment Director at InnovationsKapital. InnovationsKapital's investment team and strategy have a good track record. "Other recent successful investments of InnovationsKapital are companies like Arexis and Kreatel, both sold with a good return the last six months. And we have several "Carmen Systems investments' in our portfolio, consisting of approximately 30 companies within ICT (1) (Information and Communications Technology) An umbrella term for the information technology field. See IT. (2) (International Computers and Tabulators) See ICL. 1. (testing) ICT - In Circuit Test. and Healthcare & Life Sciences." A win-win situation "Our partnership with InnovationsKapital has enabled us to develop our business in a very successful way. We appreciate their support, knowledge and backing over the years," says Per Noren, 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. , Carmen Systems. "I am also pleased to see that the right purchaser could be found for Carmen Systems. After successfully establishing the company internationally, Boeing will further support our global growth," says Per Noren. Carmen Systems develops, markets and implements resource optimization solutions for clients found primarily in the transportation industry. Carmen Systems joins the Jeppesen group of companies within Boeing Commercial Aviation Services (CAS), and will report into Jeppesen's Commercial & Military Aviation business unit. "Through this acquisition we are enhancing our portfolio of airline operations services," says Mark Van Tine, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. at Jeppesen. "We will deliver even greater value to our customers by enabling them to more effectively manage their operating costs through greater operational efficiencies." says Mark Van Tine. The completion of the transaction is subject to customary conditions and relevant authorities' approval. Advisors to the Investor Consortium and Management: --Financial: SEB Noun 1. SEB - a form of staphylococcal enterotoxin that has been used as an incapacitating agent in biological warfare staphylococcal enterotoxin B Enskilda, Stockholm --Legal: Gernandt & Danielsson, Stockholm Notes to Editors: InnovationsKapital InnovationsKapital was founded in 1994 and is a leading early stage venture capital firm for innovative growth companies in the Nordic region. The business, carried out from offices in Gothenburg and Stockholm, is focused on Nordic investments within ICT and Healthcare & Life Sciences - dynamic sectors that are rapidly expanding and where Nordic research plays an important role. InnovationsKapital currently advises three venture funds aggregating EUR EUR In currencies, this is the abbreviation for the Euro. 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. 200 million in committed capital. The capital is provided by Swedish and international institutional investors. Further information about InnovationsKapital can be found at www.innkap.se Carmen Systems AB Carmen Systems develops, markets and implements resource optimization software and services solutions for clients in the transportation industry, primarily the airline and railway industries. Clients include, among others; Aeromexico, Air France-KLM, British Airways, Delta Air Lines, Finnair, Lufthansa, Scandinavian Airlines, Singapore Airlines, Spanair, Virgin Atlantic Airways, Deutsche Bahn (German Railways), Amtrak Amtrak, the National Railroad Passenger Corp., authorized to operate virtually all intercity passenger railroad routes in the United States. Amtrak was created by Congress in 1970 in response to more than two decades of continuous operating deficits by privately run , Green Cargo, National Rail Enquiries (UK), RailCorp - New South Wales New South Wales, state (1991 pop. 5,164,549), 309,443 sq mi (801,457 sq km), SE Australia. It is bounded on the E by the Pacific Ocean. Sydney is the capital. The other principal urban centers are Newcastle, Wagga Wagga, Lismore, Wollongong, and Broken Hill. (Australia) and SNCF SNCF Société Nationale des Chemins de fer Français (French National Railways) SNCF Sans Nous les Cafés Ferment (French) (French National Railways). Carmen Systems is a rapidly expanding organization and today has 295 employees from 33 nationalities. Carmen Systems' headquarters is in Goteborg, Sweden with additional offices in Austin (Texas), Brisbane (Australia), Copenhagen, London, Montreal, Singapore and Stockholm. The Boeing Company Boeing is the world's leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft, with capabilities in rotorcraft ro·tor·craft n. An aircraft, especially a helicopter, that is kept partially or completely airborne by airfoils rotating around a vertical axis. , electronic and defense systems, missiles, satellites, launch vehicles and advanced information and communication systems. Our reach extends to customers in 145 countries around the world, and we are the number one U.S. exporter in terms of sales Terms of sale Conditions under which a firm proposes to sell its goods or services for cash or credit. . Jeppesen Jeppesen is recognized as the world's foremost provider of information solutions in the aviation and soon-to-be maritime markets. Jeppesen's portfolio includes: worldwide flight information, flight operations services, international trip planning services, aviation weather services and aviation training systems. Jeppesen's marine division will soon produce a full line of navigation solutions and global maritime data services. Jeppesen has offices in the United States, the United Kingdom, Germany, Australia, China, France and Russia. Jeppesen is a subsidiary of Boeing Commercial Aviation Services, a unit of Boeing Commercial Airplanes Boeing Commercial Airplanes is a unit of The Boeing Company, based in Renton, Washington consisting of the Seattle-based former Boeing Airplane Company (the civil airliner division), as well as the Long Beach-based Douglas Aircraft division of the former McDonnell Douglas . This information was brought to you by Waymaker http://www.waymaker.net |
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