Enea Signs Agreement to Divest Redina
Enea Signs Agreement to Divest Redina Enea has signed a letter of intent with Guide Konsult Stockholm AB, a company in the Guide group, for the divestment of Enea Redina AB. Redina provides consulting services mainly towards clients in the public sector. This business is not core for Enea and thus, today's announcement is in line with ongoing efforts to streamline operations. During the second quarter Enea began streamlining operations and increasing the focus on the real-time operating system OSE, product- oriented consulting, and qualified services in technical systems development. The purpose is to strengthen Enea's position and to further develop its offer in embedded real-time technology for clients primarily in the telecom industry. Redina has some 40 employees and annual sales of SEK 40 million and offers consulting services focused on usability and information processing systems. According to plan, Guide will assume ownership of Redina on November 1, 2004. During the third quarter, Enea divested the businesses Enea Software Solutions and Enea Industry. With the divesture of Redina, Enea concludes its effort to sell remaining non-core businesses. Thereafter Enea consists of an internationally active product and consulting organization with 450 employees. 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 about Enea, please visit our websites www.enea.se, www.enea.com and www.ose. For further information about 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/2004/10/20/20041020BIT00070/wkr0001.pdf