Collaboration With Alfaskop a Natural and Vital Step in Scribona's New Strategy.Business Editors &High-Tech Writers STOCKHOLM--(BUSINESS WIRE)--Feb. 2, 2000 The collaboration Working together on a project. See collaborative software. with Alfaskop announced today, and the three recent acquisitions in the Scribona Solutions business area, are important steps in realization of Scribona's new strategy and will significantly boost profitability. Collaboration with Alfaskop &uot;The strategic collaboration with Alfaskop is vital for development of the Scribona Distribution business area,&uot; says Orjan Hakanson, President &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. of Scribona. &uot;Our ambition is for this business area to become the leading Nordic volume distributor of IT products. The integration of product supply between reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. and distributor through collaboration with Alfaskop is part of an ongoing realignment re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. of the supply chain that will be emulated by many. As one of the Nordic countries' leading distributors, Scribona Distribution will play a prominent role in this structural transformation,&uot; adds Hakanson. The partnership will give Scribona Distribution 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. 1.2 billion in added sales and a greatly improved operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: . &uot;It will increase our market share and strengthen our position among the suppliers,&uot; says Lars Palm, Executive Vice President of Scribona and head of business area Scribona Distribution. &uot;It will also give us a closer relationship with the end customers, who will be offered significantly better service in the form of online information about prices, availability, etc., and user-friendly ordering through our market-leading e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. solution,&uot; foresees Palm. Acquisition driven expansion in Scribona Solutions Part of Scribona's new strategy is a focus on partly acquisition driven expansion of the Scribona Solutions business area, which is active in the fastest-growing IT market - IT infrastructure. When the new Scribona was presented at the company's Capital Market Day in December last year, Scribona announced several upcoming acquisitions. Already in December, three acquisitions were carried out and assimilated into Scribona Solutions. With a combined annual turnover of close to SEK 350 million, these will increase the business area's sales by more than 30%. These transactions refer to the takeover/acquisition of: -- WM-data's distribution of 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) Unix servers A medium to large-scale computer system in a network that runs under Unix. Unix servers are widely used as application servers and database servers and are available from a variety of vendors, including Sun, IBM, HP and others. and IBM data warehousing equipment in Norway. -- Intentia's entire Nordic hardware operation. -- Hardgroup OY in Finland, a company specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. in wireless communication and networking. &uot;These acquisitions give us access to unique competence and an extended customer base, as well as strengthening relations with our key suppliers,&uot; says Lars Palm, head of business area Scribona Solutions. &uot;Already from the year 2000, the acquisitions will contribute to substantially improved profitability in the business area,&uot; adds Palm. &uot;The recent acquisitions and expansion in the Scribona Solutions and Scribona Distribution business areas reinforce Scribona's position as a top player in the Nordic IT market,&uot; says Scribona's President Orjan Hakanson. &uot;They will substantially boost profitability and make a positive contribution to Scribona's earnings per share already this year,&uot; concludes Hakanson. Facts about Scribona Scribona is the leading Nordic player in the market for IT products, offering the customers cutting-edge product expertise, the industry's leading e-commerce systems, optimized product availability and a wide range of complementary services. Scribona's operations are organized in three business areas: -- Scribona Solutions - value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. distribution of IT infrastructure -- Scribona Distribution - effective volume distribution of IT products -- Scribona Brand Alliance - exclusive agency for leading brands For additional information, please contact: Orjan Hakanson, President &CEO of Scribona, telephone +46-8-734 35 76 Lars Palm, Executive Vice President of Scribona, telephone +46-8-734 37 10 This press release is also available at www.scribona.se 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/2000/02/02/20000202BIT00430/bit0001.doc http://www.bit.se/bitonline/2000/02/02/20000202BIT00430/bit0002.pdf |
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