PartnerTech acquires Labyrint Development in Fredrikstad, Norway

PartnerTech acquires Labyrint Development in Fredrikstad, Norway

PartnerTech AS has acquired Labyrint Development AS in Fredrikstad, Norway. With
some ten employees, the company reported sales of almost NOK 10 million in 2006.

“The acquisition is a valuable addition to the business that we acquired in
Moss, Norway during 2006 and part of our ongoing internationalization strategy,”
says PartnerTech CEO Mikael Jonson.

Labyrint Development has specialist expertise in design, innovation and
development from concept to finished product. Most recently, the company has
focused on automation, marine and medicinal products in electronics, mechanics
and plastics.

Labyrint will be part of PartnerTech's development division in Moss, consisting
of 30 leading-edge engineers, designers and product developers. 




For additional information, please call:
Nils Tore Kristiansen, Managing Director of PartnerTech AS, +47 928 23 161
Sören Wilhelmsson, CTO, +46 705 751568


PartnerTech develops and manufactures components, products and complete systems
under contract for leading companies, primarily in telecommunications, IT, the
engineering sector and medical technology. With some 2,000 employees at its
plants in Sweden, Norway, Finland, Poland, the UK, the United States and China,
PartnerTech reported sales of approximately SEK 3 billion in 2006. PartnerTech
AB (www.partnertech.com), the parent company, has its head office in Malmö and
is listed on the Stockholm Stock Exchange.