BTS Group AB reaches settlement with Abbott Training Systems in Lawsuit
Stockholm, Sweden - BTS Group AB (publ) today announced that it has reached a
settlement with Abbott Training Systems in its Australian lawsuit finalized in
2008, alleging infringement of copyright. The final court orders provide for
Abbott Training Systems to pay AUD$ 440,000 to BTS. They also require Abbott
Training System not to infringe BTS' copyright in future and to destroy or
deliver up to BTS documents that reproduce BTS copyright works. The orders
conclude the lawsuit against Abbott Training Systems.
Abbott Training Systems was a Global Partner to Strategic Management Group Inc.,
acquired by BTS in 2005, until 2002. BTS alleged that after the licensing
agreement came to an end Abbott made and used unauthorized copies of BTS
substantial parts of several BTS products, and infringed BTS copyright. This
lawsuit commenced in late 2006.
“We are very serious about protecting our intellectual property. This lawsuit
was a big com-mitment and required tremendous effort. We are very pleased with
the outcome.” said BTS's Chairman and CEO Henrik Ekelund. "This is a significant
victory for our company, partners and most importantly our customers. The market
wants the clarity of having one brand and one platform. We've accomplished that,
and this agreement and the court orders protect the authenticity of our offering
and value of our technology." concludes MR Ekelund.
International law firm, Baker & McKenzie acted for BTS in the copyright
proceedings.
Thomas Ahlerup
Senior Vice President
Investor and Corporate Communications
BTS Group AB
Direct +46-8-5870 7002
Mobil +46-768-966 300
E-mail thomas.ahlerup@bts.com
About BTS Group AB
BTS partners with leading companies to accelerate change and improve business
results. BTS is the world leader in customized business simulations and
discovery-based learning solutions that enable leading corporations to grow and
be-come successful through change and improvement processes.
BTS adds value to its clients through three practice areas: Strategic Alignment& Business Acumen, Leadership & Manage-ment, and Sales. BTS also has strong
capabilities in Operational Excellence & Project Management and offer an
innovative Engage for Change process.
BTS has more than 250 highly talented employees serving more than 400 clients
including 40 of the US Fortune 100 compa-nies and 25 of the Global Fortune 100
largest corporations in the world. In 2007 BTS revenues exceeded USD 80
millions. Recent selected BTS clients include AT&T, Ericsson, Kimberly-Clark,
Nokia, Sony, Toyota, Unilever and Xerox.
BTS serves its clients from Stockholm, New York, London, Singapore, San
Francisco, Johannesburg, Philadelphia, Melbourne, Stamford, Brussels, Chicago,
Scottsdale, Helsinki, Sydney, Beijing, Madrid, Bilbao, and Oslo.
BTS is a public company listed on the Swedish Stock Exchange and trades under
the symbol BTS B.
For more information please visit www.bts.com
