Combitech Systems Acquires Celsius Consultants.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)--May 12, 2000 Combitech Combitech can refer to following companies:
The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. of Celsius Cel·si·us adj. Abbr. C Of or relating to a temperature scale that registers the freezing point of water as 0° and the boiling point as 100° under normal atmospheric pressure. Consultants. The acquisition means that Combitech Systems takes over all ongoing commissions and that all consultants (numbering about ten) in Celsius Consultants will be offered continued employment. "The acquisition fits in well with our current expansion. The personnel from Celsius Consultants will reinforce our operations in Linkoping, Gothenburg and Stockholm. We are also broadening our market through new operations in Karlskoga and Orebro," states Christer Hoberg, President of Combitech Systems. Celsius Consultants is active in consultancy for technical system and software development. The Mikroteknikcentrum operation that was earlier organized under Celsius Consultants lies outside the scope of the purchase. The transaction is part of Saab's acquisition of Celsius in which Combitech Systems already has the role of the group's spearhead company in technical real time systems and integrated systems. As a result, Combitech Systems will be establishing a new office in Orebro, a region which opens up new potentials in support and training for companies with advanced technical development. Combitech Systems AB is a knowledge-oriented development company with cutting-edge expertise in technical real time systems, including advanced systems and software development, electronics design, business development and training. Combitech Systems was formed in 1992, and is owned by Saab AB (65%) and Enea Data AB (35%). The company currently has 200 consultants at eight locations. 1999 turnover was in the region of MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner 160. Like other companies in the Saab Group, Combitech Systems benefits from quick access to a network of high-tech experts. Some 80% of orders come from outside the Saab sphere. Customers are development departments at large and medium-sized Swedish companies This is a list of Swedish companies: Companies
------------------- 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/2000/05/12/20000512BIT00360/bit0001.doc http://www.bit.se/bitonline/2000/05/12/20000512BIT00360/bit0002.pdf |
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