latest news releases from the newsroom
Telelogic Sells Off the Components Division
MALMO, Sweden, Aug. 20, 2002 (PRIMEZONE) -- Telelogic, (Other OTC:TGIAF) (Stockholm:TLOG), the leading global provider of solutions for advanced systems and software development, today announced that it has succesfully concluded the negotiations with a British partner to sell off Telelogic's Component Division. The agreement covers the IP rights, the customer base and the employees at the U.K. operations of the component business. The deal will during a 12 month period have a significantly positive impact on Telelogic's consultancy margins but has a marginal effect on the result for the current year.
Hexagon Acquires the Software Provider Xygent Inc.
NACKA STRAND, Sweden, Aug. 20, 2002 (PRIMEZONE) -- Hexagon Metrology, Hexagon's business unit within metrology, has acquired the remaining majority stake in the American software provider Xygent, Inc. from BNSCo, Inc. Subsequent to the transaction Xygent will be fully owned by Hexagon. The company will be consolidated as of August 21, 2002.
Head N.V. Announces Share Purchase
ROTTERDAM, The Netherlands, Aug. 20, 2002 (PRIMEZONE) -- Head N.V. (NYSE:HED) (VSX: HEAD), a leading global manufacturer and marketer of sports equipment, announced today that it has purchased 5,600 of its shares. Details of this buy back have been posted to our website. Pursuant to existing resolutions the Board of Management is authorized to buy back up to 10% of its outstanding share capital over the next 15 months.
Bo Jacobsson New CFO for Trelleborg Group
STOCKHOLM, Sweden, Aug. 20, 2002 (PRIMEZONE) -- Bo Jacobsson has been appointed new Chief Financial Officer for the Trelleborg Group and will succeed Jan Bjorck, who has decided to leave the Group. It is planned that the changeover will become effective during the autumn.
Jorgen Latte Appointed Acting CFO of Telia
STOCKHOLM, Sweden, Aug. 20, 2002 (PRIMEZONE) -- Jorgen Latte, currently Financial Director of Telia Mobile, will be Acting CFO of the Telia Group effective September 1, 2002. Jorgen Latte will replace Bo Jacobsson, who will leave Telia during the autumn to become CFO of the Trelleborg Group.