PartnerTech plans to divest unit in Poole, UK


PartnerTech plans to divest unit in Poole, UK

PartnerTech signed an agreement today to divest PartnerTech Poole Limited
("Poole" below), one of its three British subsidiaries. The business in Poole,
which manufactures printed circuit boards with a focus on local customers,
accounts for approximately 3% of total group sales.

The reason for the divestment is that the business, following changes, is
operating at a loss and lacks strategic significance, given that other
subsidiaries also manufacture printed circuit boards. Thus, the divestment is in
line with PartnerTech's strategy of streamlining its industrial structure and
making it more cost-effective. 

Because the business is being acquired by its current management, the agreement
is conditional on approval of a general meeting pursuant to Chapter 16 of the
Companies Act. As a result, an extraordinary general meeting will be held for
that purpose in January 2009.

The divestment, which is expected to be completed in the first quarter of 2009,
is not deemed to have a significant impact on PartnerTech's financial position
or earnings.

For additional information, feel free to call:
Marielle Noble, IR/Communications Manager, +46 40-102640 or +46 706-546735 
Jonas Arkestad, CFO, +46 40-102640 or +46 706-591510 
Rune Glavare, President and CEO, +46 706-202454

PartnerTech
PartnerTech develops and manufactures products under contract for leading
companies, primarily in telecommunications, IT, engineering and medical
technology. With some 1,700 employees at its plants in Sweden, Norway, Finland,
Poland, the UK, the United States and China, PartnerTech reports annual sales of
approximately SEK 2.6 billion. PartnerTech AB (www.partnertech.com), the parent
company, is headquartered in Malmö and listed on the OMX Nordic Exchange
Stockholm.  

PartnerTech AB, corporate identity no. 556251-3308 
Södra Tullgatan 3, SE-211 40 Malmö, Sweden info@partnertech.se 

Disclosures reported to the Swedish Financial Supervisory Authority
(Finansinspektionen)

Attachments

12292174.pdf