STOCKHOLM, Sweden, Jan. 28, 2002 (PRIMEZONE) -- Teleca's public offer to the shareholders of AU-System has during the ordinary acceptance period been accepted to such extent that Teleca has become owner of shares representing 95.8 percent of shares in AU-System. After full warrant subscription, Teleca's holding amounts to 95.1 percent of the shares in AU-System.
As previously announced, Teleca has decided to extend the acceptance period until February 6, 2002.
About Teleca
Teleca is a world-class supplier of software engineering services for advanced systems, electronic equipment and applications. Our business concept is to strengthen our customer's market position and time-to-market. This is achieved by providing professional teams with specialist technical expertise, working in partnership with development-intensive companies world-wide. Teleca is listed on the O-list of the Stockholm Exchange. We have more than 1,200 employees and development offices throughout Europe (www.teleca.com).
About the New Group
The merger between Teleca and AU-System will create one of Europe's largest high-end consulting groups focused on new technology and R&D with a strong presence in the Nordic region, UK and France. Teleca and AU-System complement each other in terms of service offerings, client base and geographical reach
This information was brought to you by Waymaker http://www.waymaker.net