NOTE acquires production capacity in Poland

NOTE acquires production capacity in Poland

NOTE has taken another step in its collaboration with Polish EMS provider
Fideltronik. An agreement to acquire 50% of the shares of a new joint venture
with Fideltronik has been signed.

Commenting, Arne Forslund, NOTE's CEO and President said: “It's really positive
that we're taking our collaboration further with Fideltronik, easily Poland's
leading privately owned EMS provider. Our joint venture will be based at
Fideltronik's current plant in Krakow and will have some 220 employees. The
acquisition brings us access to additional cost-efficient production capacity in
Poland that complements our other international facilities in the Baltic states
and China. Apart from production capacity, this new operation will help increase
NOTE's skills in product and test development. We will further consolidate our
customer offering in the growing market for complex, labour-intensive products.”

“The facility has good capacity utilization already, but our intention is to
realign production progressively for NOTE's customers exclusively, continued Mr.
Forslund, “in the current year, the acquisition will have a marginal effect on
sales and profits, although we expect a positive effect as early as next year by
transferring production to Poland. The acquisition is fully consistent with our
long-term strategy of lifting sales growth in Europe.”

“NOTE has a very competitive services offering close to the customer and
end-market,” responded Zbigniew Fidelus, Fideltronik's founder and President,
“after several years of successful collaboration I've got a lot of confidence in
NOTE as a company and long-term partner. By us now gaining a deeper
collaboration, we´re well equipped for continued growth.”

For more information, please contact: 
Arne Forslund, CEO and President, tel. +46 (0)8 568 990 07, +46 (0)70 547 74 77
Henrik Nygren, CFO, tel. +46 (0)8 568 990 03, +46 (0)70 977 06 86 
Knut Pogost, President, LCR Manufacturing, tel. +46 (0)8 568 990 06, +46 (0)70
552 34 44 

About NOTE 
“Our business concept is to produce electronics from design to after-market in
close co-operation with our customers.”
NOTE is one of the Nordic region's leading contract manufacturers of electronics
and is established in Sweden, Finland, Norway, the UK, Estonia, Lithuania,
Poland and China. Net sales for 2006 totalled SEK 1,742 m, and the NOTE group
has approximately 1,100 employees. Read more at: www.note.se

About Fideltronik 
Fideltronik is an electronics solutions provider—from complete product design,
engineering and manufacturing to logistic services—who helps to optimize
customers' operations and time to market. Read more on www.fideltronik.com