Enea Closes Divestment of Redina
Enea Closes Divestment of Redina Enea has signed a final share purchase agreement today considering the divestment of Enea Redina AB to Guide Konsult Stockholm AB, a company within the Guide group. Guide will assume ownership of the business on November 1, 2004. During the second quarter Enea began streamlining operations and increasing the focus on the proprietary real-time operating system OSE, product-oriented consulting, and qualified services in technical systems development. The purpose of the streamlining process is to strengthen Enea's position and develop its offer in embedded real-time technology, with a primary focus on clients in the telecom industry. Enea Software Solutions and Enea Industry were divested during the third quarter. Net sales for the three divested units were close to SEK 100 million for 2003. With the divestment of Redina, Enea completes the effort to divest non- core businesses. Enea now consists of an internationally active product and consulting organization with approximately 470 employees. Enea´s advisors regarding the above transactions have been Ceres Corporate Advisors. For further information, please contact: Johan Wall, President and CEO, Enea AB +46 8 507 140 00, email: [email protected] Gunilla Spongh, CFO, Enea AB +46 8 507 140 00, email: [email protected] Enea is listed on the Stockholm Stock Exchange's Attract-40 list. For further information on Enea, please visit our websites www.enea.se, www.enea.com and www.ose. For information on Guide please visit www.guide.se. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/10/28/20041028BIT00250/wkr0001.pdf