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Combitech Systems acquires Celsius Consultants

Combitech Systems acquires Celsius Consultants Combitech Systems is strengthening its position as a competence leader in technical real time systems by taking over the personnel and order backlog of Celsius 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 Linköping, Gothenburg and Stockholm. We are also broadening our market through new operations in Karlskoga and Örebro", 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 Örebro, a region which opens up new potentials in support and training for companies with advanced technical development. Fur further information, please contact: Christer Hoberg President, Combitech Systems 0708-89 51 80 Niclas Fock Regional Manager, Combitech Systems 0708-89 51 00 Tomas Sandén Regional Manager, Combitech Systems 0708-89 50 53 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 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 in the Automotive, Aerospace, Defense, Medical and Data/Telecommunication sectors. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/12/20000512BIT00360/bit0001.doc http://www.bit.se/bitonline/2000/05/12/20000512BIT00360/bit0002.pdf