Continued success for Semcon in Brazil

Continued success for Semcon in Brazil

Semcon's Automotive R&D business area has, in a short time, signed deals with
three customers in Brazil worth just over SEK 20 million. The three customers
are General Motors, Volkswagen and Volvo Powertrain.

Semcon will provide development and design services to General Motors, while the
order from Volkswagen's car division in Sao Paulo is for development assignments
and the order from Volvo Powertrain is for Semcon's ComTest software system. 

In addition to these deals Semcon signed a comprehensive three-year agreement
with Volkswagen's truck and bus division in Brazil in the beginning of April
2007. The agreement was initially going to involve 120 employees and this figure
has already risen to 150. 

“Brazil is now our third largest market in terms of employee numbers,” says
Stefan Ohlsson, business area manager, Semcon Automotive R&D. “We have rapidly
expanded and today there are almost 180 people there. We see major potential for
continued growth.” 

For more information, please contact:  
Stefan Ohlsson, business area manager, Semcon Automotive R&D, tel: +46 736 840
555

Semcon is 2 800 committed people with a passion for product development,
technical information and IT. Today, Semcon is in 14 countries on five
continents. Semcon had pro forma sales of around SEK 2.4 billion in 2006 and is
listed on the Stockholm Stock Exchange's Nordic list.