FöreningsSparbanken acquires HSB Bank
(18.09.02) FöreningsSparbanken (Swedbank) is acquiring all the shares in HSB Bank from HSB Sverige. Prior to the acquisition, FöreningsSparbanken owned 9.1 percent of the shares in HSB Bank.
HSB Bank has approx 200,000 retail customers, primarily mortgage savings and mortgage lending customers. In addition, a large number of condominium associations are customers of HSB Bank. In 2001 HSB Bank had total assets of SEK 10.4 billion and shareholders' equity of SEK 505 million. Its profit in 2001 amounted to SEK 48 million.

"HSB Bank has the majority of its customers in the Stockholm area, which means that the acquisition gives us a further boost in an important and fast-growing market," says FöreningsSparbanken President and CEO Birgitta Johansson-Hedberg. "HSB Bank is one of the few profitable niche banks and in recent years has had the market's fastest expansion in mortgage products. We will now be able to further strengthen our operations, in part by taking advantage of synergies in systems and technology. The acquisition of HSB Bank also extends the cooperation between FöreningsSparbanken and the HSB organization."

Until further notice there will be no change in HSB Bank's product range. The acquisition of HSB Bank will have a positive effect on profit as of 2003. HSB Bank's personnel will be offered employment at FöreningsSparbanken.



Denmark's leading telecommunications company invests in Streamserve
(17.09.02) Denmark's leading telecommunications company Tele Danmark (TDC) is investing approximately 10 million kronor in a deal with StreamServe to provide a licence, services, maintenance and support package. TDC will use StreamServe's Business Communication Platform for all of its electronic services in several business areas.
Implementing the new communication platform will radically reduce the number of interfaces in the company's IT-solution, enabling Tele Danmark to connect its underlying information systems for fixed telephony, Internet, mobile telecommunication and cable TV. In this way Tele Danmark will be able to meet new market initiatives, including e- invoices and e-box, in which the company holds a leading position in Denmark.

Commenting on the implementation John Jorgensen, Head of Customer Care and Billing at TDC said: "Instead of several separate solutions for managing and integrating our electronic services, we are implementing a single communications layer. The system will be faster and more unified, making it easier for us to work with our own systems and improve the service to our customers. We can now enable our customers to choose the way they receive information from us, moving to cheaper e-invoices and digital communication with our various business areas."

"This is a strategically important order for us" says Stefan Blomqvist, MD StreamServe Nordic. "Tele Danmark is one of the most advanced companies in Scandinavia in terms of consumer communication. By choosing to place StreamServe at the centre of its strategy, TDC has confirmed that our technology meets today's highest requirements. By utilising the latest technology, our Business Communication Platform will be connected to all TDC's important systems, creating dynamic opportunities in integration, distribution, storage and control of all modern electronic communication and relevant printouts".



Continued success for Boss Media on the British market
(17.09.02) Boss Media secures its leading position on Europe's most important market, the British market, by signing a contract with another important customer, Gaming Corp. Plc.
"This deal with Boss Media is the first and most important step in delivering on our interactive gaming strategy. We believe that Boss Media's software is the best available on the market today. This combined with the marketing clout offered by our Casino.co.uk portal and our other online businesses means we are confident of success in this rapidly growing market", says Justin Drummond, Chief Executive of Gaming Corp.

Boss Media's strategy has the last year been to establish a strong position in the British market where the combination of player interest, Internet penetration and the favorable legal climate makes this market the most interesting in Europe. Boss Media has to date signed contracts with several of the leading operators such as Gala Group, Victor Chandler and Sportingbet.com making Boss Media one of leading software suppliers of casino games on the British market.

"Gaming Corp is a prestigious customer with a proven record of sales and marketing online products. They have already established a valuable database of players for their own online casino with casino.co.uk", says Peter Bertilsson, CEO of Boss Media



Carl Bennet acquires Modul-System from Segulah
(13.09.02) Swedish industrialist Carl Bennet today acquires the Modul-System Group through his company Carl Bennet AB from Segulah I LP, a private equity company. Headquartered in Mölndal, Sweden, Modul-System has sales of MSEK 250 and roughly 200 employees. Modul-System is one of Europe's leading manufacturers of vehicle racking systems for service vans.
Modul-System Group will, after the acquisition, become an independent business area within the industrial group Carl Bennet AB. Carl Bennet AB is the major shareholder in listed companies i.e. Getinge and Elanders.

"Since its acquisition by Segulah I LP in 1999, Modul-System has expanded its international footprint dramatically resulting in overall annual sales growth of 15 - 20 percent. Modul-System's pretax earnings have since 1998 trebled to more than MSEK 30 in 2001.

"I see many interesting opportunities for developing and expanding the Modul-System Group. It has already established itself as one of the leading European suppliers of racking systems for service vehicles, and there is excellent potential for development," says Carl Bennet.

"Modul-System has grown successfully over the years. A stable and originally founder-owned company has since Segulah's acquisition grown faster along with trebled earnings to become the European leader in its market. In light of Modul-System's firm market position and stable profitability, it is a natural step for us to pass the torch to a capable owner. Modul-System is in good hands with Carl Bennet, whom we regard as a solid industrial owner with a long-term view," concludes Christian Sievert, partner at Segulah.



Production starts in Volvo CE´s new plant in Poland
(13.09.02) Today, Volvo Construction Equipment (Volvo CE) officially opened its new factory in Wroclaw, Poland. The factory will serve as a global center for production of the new internally developed backhoe loader launched at ConExpo, Las Vegas, earlier this year.
The backhoe loader is a newly designed and developed product, meeting the highest quality standards, to extend the offering of Volvo compact machines. The machine will be built in the Wroclaw factory and sold first in European countries and the USA. Next year, it will also be offered in other markets.

"The interest for our new backhoe loader from customers and media has been very high and I'm confident the customers will enjoy operating our machine," says Mr. Didier Teirlinck, Head of Volvo Compact Equipment.

Volvo CE has invested around 5 MUSD in the new facility in Poland and will start with 120 employees.



Net Insight Introduces Gigabit Ethernet Access Module
(13.09.02) Net Insight, provider of real-time broadband infrastructure technology introduces Gigabit Ethernet Access Module. The new access module makes it possible to combine the cost-efficient and high-speed data transport associated with Gigabit Ethernet, with the guaranteed Quality of Service and bandwidth-on-demand characteristics of Net Insight's media backbone solutions. Combined with Net Insight's Multicast functionality, the solution provides an ideal platform for broadcast quality IP-based TV distribution.
Adding a Gigabit Ethernet interface to its multi-service network platform, Net Insight is able to significantly lower the costs for professional quality IP video contribution, mass distribution and high-speed file transfer.

"Media companies already have an IP strategy for their LAN and LAN to LAN data and file transfer traffic. But Ethernet's poor real-time performance makes it impossible to use the same network resources for live video contribution. The introduction of a Gigabit Ethernet module for our media network platform makes the transition to multi-service IP networks and real-time video transport over Ethernet a reality", says Bengt J. Olsson, VP Product Management, Net Insight.



Skanska appoints new President and Chief Executive Officer
(12.09.02) Skanska AB's Board of Directors has appointed Stuart Graham as the new President and Chief Executive Officer of the Skanska Group. Mr. Graham will move to Stockholm and he will assume his duties immediately, to succeed Claes Björk who is resigning from his present position.
Stuart Graham, 56, joined Skanska in 1990 when Skanska acquired the company where he was CEO. He has been an Executive Vice President of the Skanska Group since 2001. He has overseen Skanska's operations in the US, South America, the UK, Hong Kong, as well as the major projects business unit, Skanska International Projects.

In the process of seeking a new CEO the board has considered the need of finding a genuinely experienced manager from the industry to lead and develop a truly international construction group with extensive activities in project development and facilities management. The intention is also to strengthen the corporate functions in Stockholm to manage and control the Group's strategic development.


Autoliv Starts New Company in China
(11.09.02) Autoliv the Swedish maker of automotive safety systems - will commence operations in Northern China in accordance with a business license recently granted by the Chinese authorities. A new company will be formed as a joint venture between Autoliv and Maw Hung Industrial Corporation in the city of Changchun.
At the beginning of next year, this joint venture will acquire the existing assets and business of Changchun Engley (formerly Harbin Engley). This existing business supplies mainly seat belts. Autoliv's new company, however, will also offer airbags and a range of sophisticated safety system solutions to the rapidly developing automotive market in China. Initial contracts are for the supply of the Audi A6, the Volkswagen Jetta A2 and for local Chinese vehicle manufacturers.

The new company will be called Autoliv (Changchun) Maw Hung Vehicle Safety Systems Co., Ltd., and be designated by the initials ACC.



Precise Biometrics launches new fingerprint solution for mobile IT-security
(10.09.02) Precise Biometrics AB (publ), developers of user-friendly biometric security solutions based on fingerprints, is releasing a new fingerprint reader for protection of portable computers. With the launch of the new PC-Card reader, Precise 100 PC-Card, the company strengthens its product offering in the IT security market.
The Precise 100 PC-Card, is primarily designed for laptop users, who require a secure and convenient solution for computer access, as the laptop often travels with the user from one place to another. The user simply puts his or her finger on the easily accessible pop-out sensor to confirm identity and thereby unlock the laptop. As a user, you no longer need to remember your password.

Precise 100 PC-card offers increased security for laptops, which are generally more exposed to the risk of unauthorized access than desktops. The user-friendly design makes the product function as an integrated part of the laptop, while the use of real-time fingerprint image capturing makes the log-on routine quick and reliable. Additionally, Precise 100 PC-Card only uses one PC-Card slot (a standard slot on virtually all laptops) and can remain inserted even when traveling.

"We see a great demand among our customers for the type of product that Precise Biometrics can now offer. Secure and convenient access protection for laptops while traveling, simply by using a fingerprint, should be the ideal solution for every traveler," says Jeppe Gadd, product manager at Data Construction. one of Sweden's leading IT security distributors




Kreatel signs agreement with Lyse Energi AS in Norway
(10.09.02) Kreatel Communications which supplies IP-based set-top box systems, has signed an agreement with yet another energy supply company in Norway. Lyse Energi AS in Stavanger, has chosen Kreatel's IP set-top box system for delivering broadband services to its subscribers. This is the second agreement for Kreatel with a Norwegian energy supply company. Kreatel is also delivering its systems to Agder Energi AS.
Lyse Energi AS is planning to roll out fiber to the home (FTTH) to 20,000 subscribers during a few years time, offering services such as high speed Internet, broadcast TV channels and VoD. The first 500 subscribers are under deployment.

"Norway is a pioneer in building up the broadband infrastructure and Kreatel has taken a strong position on this market," says Lars Bengtsson, Managing Director at Kreatel. "Lyse has proven to be most competent and professional in its efforts and we look forward to our cooperation."

Via fiber all the way to the home, Lyse's subscribers will be able to sign up for a range of different broadband services. The project includes world leading suppliers such as Cisco for network equipment, IBM as the system integration partner, Tandberg Television for TV and video head end as well as for the portal delivering the services to the subscriber, Bitband for video servers, and accordingly, Kreatel for the IP set-top box system.

"Lyse Energi AS has appreciated working with Kreatel since autumn last year developing the concept for TV-centric services over a broadband network. We have found that Kreatel can offer the know-how and has the ability to deliver systems that will be in accordance with out needs," says Eirik Gundegjerde, Product Manager, Broadband Services at Lyse.



NCC to construct offices and studios for Danmarks Radio for SEK 210 million
(10.09.02) NCC Construction Denmark has secured a contract from Danmarks Radio (Danish national radio and television) to construct offices and studios in Copenhagen, Denmark. The order is valued at approximately SEK 210 million (about DKK 166 million).
The order is about concreting work for the first phase of the "DR Byen" (DR village), in Ørestaden, just outside Copenhagen. This initial phase consists of a building with 55,000 square meters of floor space..

The assignment will be performed in cooperation that is similar to partnering, meaning that the parties conduct the project in close cooperation on budget, schedule, quality issues and functionality.




Saab delivers latest Gripen, the first JAS 39C for Sweden
(06.09.02) At a ceremony in Linköping today, Saab handed over the first JAS 39C Gripen to Sweden's Defense Materiel Administration (FMV). This latest JAS 39C version adds a host of new capabilities to the Gripen, and is almost identical to the aircraft intended for export.
Åke Svensson, Chairman of the JAS Industry Group and Managing Director of Saab Aerospace, handed over aircraft 39.208 to Birgitta Böhlin, Director General of the Swedish Defense Material Administration (FMV). The ceremony was followed by an air display for about 300 specially invited guests.

"The introduction of the JAS 39C shows that Sweden is on the absolute cutting edge of technology. In addition, we have undertaken a cost- effective development effort that has benefited both the Swedish and export Gripen programmes. This is a milestone in the history of the Gripen," said Åke Svensson, in his address.

In addition to in-flight refueling and onboard oxygen generators, the latest version of the Gripen has large screen, full color displays in the cockpit, a strengthened wing structure, the ability to carry new types of pylons and new software in its computers. This combination of advanced technology and increased capabilities, brings a step change in the operational effectiveness of the aircraft over a wide range of missions.




Ericsson signs agreement with Orange Group for MMS
(06.09.02) Ericsson's position in MMS (Multimedia Messaging) has been further enhanced by being choosen as supplier of MMS technology to Orange SA and its 22 member companies, and by signing its first MMS contract with Orange France.
The framework agreement reinforces Ericsson's involvement in the development of new applications by Orange and further demonstrates its appreciation of Ericsson's MMS solutions.

Today, the deal with Orange France represents the first concrete result of this frame agreement. According to this contract, Ericsson will provide the MMS platform and related systems. It will also provide the services for integration to the Orange network, for example, interfaces to existing services such as WAP, SMS, and e-mail, as well as the services for implementation and support.




Autoliv and VW Introduce New Seat Belt
(05.09.02) The front seats of the new Phaeton - Volkswagen's luxury top-of-the-range vehicle - feature a new double seatbelt retractor system supplied by Autoliv. The retractor system consists of two automatic reels: one above the shoulder on the B- pillar between the doors and a second one built into the side of the seat.
The combination of two automatic reels gives the occupants greater freedom of movement. With a conventional one-reel system, the belt is subject to friction as it slides through an eye in the tongue of the buckle. As a result, it takes a certain amount of force to adjust the length of the lap portion of the belt, restricting hip movement and making the belt less convenient in use. But Autoliv's dual reel system allows greater freedom of movement, so that the occupants hardly notice they are wearing a belt. Reaching into a trouser pocket for a handkerchief or in other ways changing position in the seat will be much easier in the new Phaeton than in other cars without this dual reel system.

In order to keep the restraining force on the shoulder as low as possible, the reel on the pillar contains two separate springs. As soon as the front-seat occupant clicks the tongue into the buckle, an electrical signal switches the reel to the spring with the lower tension, so that the belt hardly presses on the shoulder at all. When the belt is unbuckled, the stronger spring is activated and the belt retracts rapidly onto the reel.

Because the new belt is not free to slide through the tongue, the lap and shoulder portions remain independent of each other, allowing the hips and torso to move freely without exerting a force on the other. The tongue of the new belt is more robust than conventional models to protect both portions of the belt from accidental damage or even intentional manipulation.



TietoEnator acquires Danish Araneum
(05.09.02) TietoEnator and Araneum have agreed to TietoEnator's acquisition of the Danish web-agency. The deal was announced in July and means that TietoEnator now takes over Araneum´s 55 employees as well as its customers including a number of international corporations and representatives of the public sector. The purchase price is 2,1 MEUR.
The acquisition will strengthen the company´s position in the Danish market. TietoEnator will now have approximately 350 employees in Denmark.

Araneum continues under its own name, but as a division under TietoEnator Consulting in Denmark. All the employees and Araneum´s existing management team will continue in this new division. Both parties will now focus on optimising the synergy effects of the acquisition.



Snow in the Mediterranean? Totally Board heads south
(05.09.02) Snowboarders, freestyle skiers, skateboarders, BMXers and inline skaters will all converge on Marseille, France for the fourth annual Nokia Totally Board event on Saturday, September 7. The event brings together a selection of top athletes and the latest in rap, hip-hop, drum & bass and rock near Marseille's Old Port on the coast of the Mediterranean.
"Totally Board is a great combination of sports and music, bringing the best of both to the south of France this year," said Pekka Rantala, Vice President, Marketing Services, Nokia Mobile Phones, Europe and Africa. "We are pleased to be able to sponsor such an exciting event."

A 25-meter high ramp, covered in 300 tons of snow, will act as a playground for dozens of riders competing in the Big Air event. A vertical ramp will allow skateboarders, BMXers and inline skaters to see who can clock the most air. Playing for the crowd will be hot bands like Kosheen, ROHFF, Idlewild and Psy 4 de la Rime. DJs such as DJEL, DJ Get Down, DJ Snipe and DJ Soon will entertain with their slick sounds and smooth rhythms.

During the event, the audience will be able to SMS chat non-stop with their mobile phones and messages will be displayed on huge SMS chat boards. Guerilla photographers will also be wandering through the crowd with Nokia imaging phones, taking pictures and sending the results to the giant MMS board at the event.



Revolutionary architecture becomes reality
(04.09.02) Advanced Finnish IT knowledge has been utililized in complex parts of the steel construction design of the Walt Disney Concert Hall, a masterpiece of today's most debated architect Frank O. Gehry. His wildest dreams came into reality with Tekla Xsteel software. In 2003, the hall will become the home of the Los Angeles Philharmonic with Finnish-born Esa-Pekka Salonen as the conductor.
Later this week, Gehry will preside over the opening of an architectural exhibition of the Helsinki Festival to show the phases of design and construction of his work. In co-operation with Gehry Partners, the Museum of Finnish Architecture will display original drawings and an animation of computer models.

The gigantic building not only houses the main hall seating 2275 listeners, but also shops, a café, restaurant, small theatre and a unique, escalator accessible, parking garage for 2500 cars.

Throughout his 40-year career, Gehry has become known for his unorthodox buildings with dramatic curves, provocative dimensions and unusual materials. Due to its forthcoming users, the Walt Disney Hall has very great acoustic demands, and when located in Los Angeles, the seismic demands are no less important. Until today, Gehry´s most acclaimed work is the Guggenheim Art Museum in Bilbao, Spain, attracting visitors from all over the world, and not only art and architecture lovers.

- Xsteel was used to convert the architect's model into full scale, a fully detailed structural model. Tekla's intelligent model allowed the easy creation of accurate drawings and reports needed for fabrication, construction and management of the project, says Onita Salokangas of Tekla Product Marketing.



Pyrosequencing secures access to intellectual property for bacterial identification
(03.09.02) Pyrosequencing AB today announced that the Company has secured access to important intellectual property covering the use of the RNase P gene for identifying clinically relevant bacteria. The RNase P enzyme, found in all living cells, contains both conserved as well as highly variable sequences. The Company has been granted an option from Bioimics AB for an exclusive worldwide license to the RNase P gene for detecting pathogenic organisms. Under the license agreement, Pyrosequencing would also have rights to sublicense the target to potential collaborators for bacterial identification.
"We believe the RNase P gene may provide an attractive alternative to existing diagnostic methods for bacterial typing, which include phenotypic expression, biochemical techniques and sequencing whole genes, such as 16S RNA," said Björn Ekström, Vice President and Chief Technology Officer at Pyrosequencing AB. "Integral to our strategy, we will continue to expand the applications of Pyrosequencing(TM) technology for clinical applications while bolstering our intellectual property portfolio," he added.

"Diagnostic determination of bacterial infections today is not optimal when considering the time and complexity of many methods," said Professor Leif Kirsebom of Bioimics. "We intend to demonstrate that the RNase P gene is a valuable target for bacterial identification and that Pyrosequencing technology is a reliable, high resolution method that is much easier to use than existing platforms and may decrease the time required to complete the analysis."

>Pyrosequencing AB develops, manufactures and sells complete solutions for rapid applied genetic analysis based on its proprietary Pyrosequencing(TM) technology, a broadly applicable DNA sequencing technique. Pyrosequencing leads the global market in Applied Genomics with over 180 systems sold to major pharmaceutical and biotech companies and prestigious research institutions worldwide.



Alfa Laval wins important order for mineral processing
(02.09.02) Alfa Laval has signed a contract with Leighton Contractors Pty Limited in Australia for the supply of 84 large spiral heat exchangers to be installed at Australian Magnesium Operations' (AMO) new plant in Stanwell in Queensland, Australia. The order value is approx. 7.5 MEUR.
The Stanwell magnesium plant will produce 90,000 tons primary magnesium metal per annum. Predominantly the users of this product will be the automotive industry. One of the processes will be used to make anhydrous magnesium chloride as the feed to the electrolytic cells. The 84 spiral heat exchangers from Alfa Laval will be installed for a critical slurry cooling application in this process. Deliveries and installations will take place over a period of 12 months starting from the first quarter of 2003.

"There is a clear tendency in the processing industries to switch from traditional shell-and-tube to compact heat exchangers for heat transfer applications, which we believe is due to the considerably more compact design, higher energy efficiency and easier maintenance" says Yannick Richomme, President of the Alfa Laval Process Technology Division. "The industry becomes increasingly confident with the compact heat exchanger technology, a development that favours Alfa Laval that has a strong focus on and a world leading position in this technology."



Metso acquires the entire stock of Scandinavian Mill Service OY
(02.09.02) Metso Paper has today agreed to acquire YIT Installaatiot Oy's shareholding in Scandinavian Mill Service Oy, i.e. 51 percent of the company's shares. Scandinavian Mill Service becomes thus fully owned by Metso Corporation. The acquisition is part of the development of the Metso Future Care business concept and supports Metso Paper's aim to expand its scope in the daily service operations within the pulp and paper industry. The acquisition price is not disclosed.
Scandinavian Mill Service specializes in the paper industry service and maintenance operations. The company's net sales in 2001 were EUR 5.3 million. During 2002, the operations have grown strongly, and the company employs today 140 people in Finland, Sweden and Norway. YIT and Metso founded Scandinavian Mill Service Oy in 1999..



Ericsson demonstrates Malaysia's first international 3G mobile-to-mobile call
(30.08.02) Ericsson successfully demonstrated the first international 3G mobile-to-mobile call in Malaysia today. The historic international 3G mobile-to-mobile call was made via Ericsson's 3G mobile system in Malaysia to SmarTone Mobile Communications Ltd's 3G network in Hong Kong.
The historic call was made in conjunction with the opening of Ericsson's 3G Wideband Code Division Multiple Access (WCDMA) Showcase in Kuala Lumpur, with Malaysia's Minister of Energy, Communications & Multimedia, YB Datuk Amar Leo Moggie. presiding at the opening ceremonies and making the nation's first international 3G mobile-to-mobile call.

The Ericsson 3G Showcase is a fully operational 3G network based on commercial 3GPP compliant WCDMA products from Ericsson. Visitors can experience the appeal and effectiveness of advanced mobile applications, ranging from location-based solutions and games, to messaging services and mobile commerce, in a high-speed mobile network environment. The Ericsson Showcase features a complete WCDMA system and operations center.



Vodafone to launch multimedia messages in October
(30.08.02) In October, Vodafone Sweden will be launching its Vodafone MMS service, which will make it both simple and fun to send colour photos, sound and text from one mobile phone to another. During the introductory period, Vodafone will have special top-value offers for those who want to try out the service, after which it will cost SEK 4.80 to send a multimedia message in Sweden.
"This is a service we really believe in, since it combines all the potential of our new technology with man's age-old need to communicate in pictures," says Göran Mannerstråle, Commercial Director, Vodafone Sweden. "Pictures are almost as important in human communication as speech and text, and the Vodafone MMS service will help our customers to use all these channels to communicate. We are convinced that this will make for very active use of the service."

Customers can use mobile phones with built-in cameras and sound- recording equipment to create their own multimedia messages, or retrieve ready-made graphics and sound from video- and audio-banks either on-line or in their mobile phones. Users can send photos they have taken themselves on holidays, at parties or at work - in fact on any occasion and to reflect any mood - or choose ready-made photos with congratulations or good wishes.



Nokia and Korean Game Industry to Cooperate
(29.08.02) Nokia and the Korea Game Development & Promotion Institute (KGDI), today announced the signing of an agreement of mutual support for the development and deployment of Korean digital content for mobile communications.
The agreement will nurture one of Asia's fastest-growing games industries. Nokia will provide Korean developers with its matchless technical resources and aid in entering European and American markets.

"Korea has committed enormous resources to establishing creative and technological gaming leadership and we've seen an astounding number of high-quality mobile games as a result," said Vesa-Pekka Kirsi, who heads the games effort for Forum Nokia, Nokia's global developer effort. "This agreement underscores our commitment to working with some of the world's leading mobile games developers to help their games get out into the global marketplace."

"This agreement with Nokia helps ensure that our developers have the resources they need to develop applications on the newest devices from Nokia-and opens up distribution channels to get our applications into the hands of the world's leading operators in order to enable Korean developers to play a leading role in the evolution of this market," said Young-soo Chong, president, KGDI.



The EU Commission carries out Carlsberg investigation
(28.08.02) The Danish Eastern High Court today delivered a judgment in an action brought against SAS by Copenhagen Airports A/S concerning the payment by SAS for the airport company's sorting of baggage handled by SAS in 1999. Copenhagen Airports A/S invoiced SAS and other handling companies for this service in 1999.
The EU Commission has just initiated a voluntary investigation of Carlsberg. The purpose is to complete investigations already carried out by the Commission concerning alleged relations between Carlsberg and Heineken during the period 1993-96.

The investigation is voluntary. This means that Carlsberg is not under an obligation to let the Commission carry out the supplementary investigation. However, Carlsberg has cooperated loyally with the Commission throughout the investigations and will naturally continue to do so.



Judgment in Copenhagen baggage case
(28.08.02) The Danish Eastern High Court today delivered a judgment in an action brought against SAS by Copenhagen Airports A/S concerning the payment by SAS for the airport company's sorting of baggage handled by SAS in 1999. Copenhagen Airports A/S invoiced SAS and other handling companies for this service in 1999.
The judgment established that Copenhagen Airports A/S had no legal basis for charging for the service, and the claim against SAS was therefore dismissed.

Today's judgment by the Eastern High Court has the effect that Copenhagen Airports A/S must write off a claim of approximately DKK 50 million.

The judgment only concerns the year 1999, whereas the parties made a voluntary agreement for payment by the handling companies for baggage sorting services, which came into effect from 2000. This agreement was recently extended until the end of 2005.



Fifth Nokia Snowboard FIS World Cup to start on September 12
(27.08.02) The Fifth Nokia Snowboard FIS World Cup will start on September 12 in Valle Nevado, Chile. Visiting ten countries on four continents, the World Cup has athletes from 37 nations competing throughout the season. Nokia renewed its sponsorship agreement last year for three years, with an optional fourth year.
"As the title sponsor of the Nokia Snowboard FIS World Cup for the fifth year running, we are excited about the coming season. It promises to be a thrilling one, with a full schedule of events. The Big Air Competitions - introduced to great success last year - are continuing with eight competitions, bringing snowboarding closer to the general public," said Isto Pankakoski, Senior Vice President and General Manager, Nokia Mobile Phones, Europe and Africa. "We are also sponsoring riders from around the globe who will no doubt inspire us with their efforts. We extend our best wishes to the riders, coaches and tour staff and look forward to an amazing year."

With the success of snowboarding at the Salt Lake City Winter Olympics earlier this year, the fifth Nokia Snowboard FIS World Cup aims to attract even more people to this sport. With a lifestyle and culture all of its own, snowboarding has become one of most popular winter sports in the world.

The Nokia Snowboard FIS World Cup includes the disciplines of Halfpipe, Snowboard Cross, Parallel Slalom, Parallel Giant Slalom and Big Air, which take place in cities. The World Cup will finish on March 16, 2003 in Arosa, Switzerland.



Ericsson wins GSM deal with Turkish Aycell
(26.08.02) Ericsson and Aycell have signed an agreement for expansion of the Turkish operator's GSM mobile network in seven major cities. The agreement covers a three year period and is valued at Euro 55 million.
"This new agreement with Ericsson supports our strategy of continuously and rapidly expanding our coverage area and to providing better and more widespread services to our subscribers. We have chosen Ericsson because of our previous successful collaboration. The agreement ensures we will continue to benefit from Ericsson's expertise and support," said Tahsin Yilmaz, Vice President of Aycell.

Aycell is a wholly owned subsidiary of Turkish Telekom. Established in October 2001, Aycell is the fourth GSM 1800 operator to enter the highly competitive Turkish mobile market.

"The agreement confirms the very good cooperation between our companies, which began when Aycell was first established. The new agreement is also an affirmation of Ericsson's leading technology and services in Turkey's highly competitive mobile market," said Cem Agaoglu, Vice President and Account Executive for Turk Telecom and Aycell account at Ericsson in Turkey.



Skanska receives orders in Czech Republic totaling SEK 1 billion
(22.08.02) Skanska's Czech subsidiary IPS Skanska has received a number of new assignments. Contracts with a total value of SEK 715 M will be included in order bookings in the third quarter 2002. One contract valued at SEK 288 M is included in order bookings in the second quarter.
The largest contract, valued at SEK 437 M, is for a new head office for the RadioMobil telecom company in the Roztyly section of Prague. The customer is RadioMobil, which is majority owned by Deutsche Telekom's T- mobile division. Scheduled for completion in December 2003, the 51,000- square-meter building will house 1,700 workplaces.

This is also the case for a number of new, smaller projects for Scania, the German Kaufland department store chain, the Czech Technology University and Commercial Bank Prague. The value of these contracts is a total of SEK 278 M.

IPS Skanska is a leading building services company in the Czech Republic and has been a member of the Skanska Group since 2000.



Volvo Trucks unveils a new multi-million dollar investment in US
(21.08.02) Volvo Trucks has today unveiled an entirely new truck range for the North American market made to meet the tougher EPA 02 demands that come into force in the USA on 1 October. The project has been three years in the development, with the total investment amounting to 1.8 billion Swedish kronor (190 MUSD).
"By utilizing our global platform, we have developed a holistic solution in which we were able to optimise each and every component to meet the ambitious new emissions requirements - while continuing to maintain the excellent transport economy that haulage operators have come to expect," says Jorma Halonen, President of Volvo Trucks.

While the rest of the industry has focused on developing cleaner new engines for installation in existing truck models, Volvo has instead concentrated on developing all the various components in parallel, thus producing an entirely new truck generation that offers operators extremely competitive productivity and enviable total economy.

The new Volvo VN shares its platform with the new Volvo FH and Volvo FM models that were launched in autumn 2001 .



Metso to supply fiberboard production line to China and particleboard production equipment to Sweden
(20.08.02) Metso Panelboard will supply a Medium/High Density Fiberboard (MDF/HDF) production line to Guangxi Sunway Forest Products Industry Co. Ltd in Guangxi, China. Also the Swedish Swedspan AB has ordered particleboard production equipment from Metso.
The delivery for Sunway in China will include equipment for wood handling, fiber processing and panel handling as well as an intermediate storage system and an energy plant. Metso Panelboard will also supply process automation for the line. The production line will start up in the end of 2003. When in full operation, the line will produce 700 cubic meters of HDF or 800 cubic meters of MDF a day.

Guangxi Sunway Forest Products Industry Co. Ltd manufactures particleboard, MDF board, floor surface materials and furniture. Metso has previously delivered for the company a particleboard line, a MDF line and a defibrator system.

Metso Panelboard's units in Finland, Germany and Sweden will participate in the project.



Swedish tycoon Jan Hugo Stenbeck dies
(20.08.02) Jan Hugo Stenbeck, Chairman of Industriförvaltnings AB Kinnevik, and one of Sweden's more colourful business persons, passed away this morning in Paris, France following a brief illness.
Jan Hugo Stenbeck was Founder and Chairman of Invik & Co. AB, Tele2 AB, Metro International S.A., Millicom International S.A. and Transcom WorldWide S.A. He was in many ways regarded as a unique personality with a striking ability to recognize new trends in business. His unique prowness made him a favorite target for competition, but he always believed in commandeering his empire from the bow and in many ways championed Sweden to the forefront of the IT era.

Mr. Stenbeck suffered a heart attack at the American Hospital in Paris on Monday night and did not recover. He was 59 years old.



Skanska receives design-build contract in New York valued at USD 76.5 M
(16.08.02) Skanska USA Civil has been awarded a contract to design and construct a new rail yard and shop facility for the Long Island Rail Road. The contract is valued at USD 76.5 M, about SEK 720 M, of which Skanska's portion is 80 percent. The customer is the Metropolitan Transportation Authority (MTA) of New York State. The facility will be used by MTA's subsidiary, the Long Island Rail Road, the largest commuter railroad company in the U.S.
The project will be carried out by the Skanska USA Civil unit Slattery Skanska in an 80/20 consortium with Edwards and Kelcey, a New Jersey- based engineering firm. The companies are cooperating in the design and construction of the turnkey facility. Slattery Skanska and Edwards and Kelcey are also currently constructing a similar facility for Metro- North Railroad in Bronx, New York. This contract is valued at USD 76 M.
The deal is a follow up of the last year's order for 200 Volvo city buses for delivery to several operators in Shanghai. Operators and passengers have received these buses very well.

The new facility, the Arch Street Rail Yard and Shop in Long Island City, Queens, will comprise the installation of 21,000 feet (6.3 kilometers) of track, a 67,000-square-foot, (6,000-square-meters), five- track shop facility and an 920-foot-long (280-meter) platform for interior cleaning and servicing of two 12-car trains concurrently.



One Thousand Volvo Buses to Shanghai
(15.08.02) Volvo Bus Corporation's Joint Venture for city buses in China - Shanghai Sunwin Bus Corporation - marked a major breakthrough today with the signing an order for 500 Volvo city buses with one of the leading Shanghai Operators, the Shanghai Ba-shi (Group) Industrial Co.Ltd. The buses will be delivered over the next 12 months. The order is valued at approximately SEK 500m.
The total deliveries of Volvo buses and coaches to China including Hong Kong will thereby this year reach more than 1.000 vehicles. The market for heavy-duty buses and coaches in China is around 12.000 units per year, making it one of the largest markets in the world. The demand for modern, clean and efficient buses and coaches is expected to grow in the coming years.

The deal is a follow up of the last year's order for 200 Volvo city buses for delivery to several operators in Shanghai. Operators and passengers have received these buses very well.

"We have already a strong position on the luxury coach market in China. With this order we make a major breakthrough also on the city bus market. We are happy and honoured by the fact that the leading bus operator in Shanghai has now bought Volvo products again based on their experience and evaluation of our buses. We have chosen to establish our joint venture for city buses in Shanghai, which is a leading commercial and industrial region prepared to take advantage of our state of the art buses," says Jan Engström, President and CEO of Volvo Bus Corporation.



SKF sold steel unit in the United States
(15.08.02) SKF has sold its steel ring manufacturing unit Ovako Ajax Inc in York, South Carolina, USA, to eXpert Forge & Machine of Delaware Inc. Ovako Ajax has 60 employees and yearly external sales of SEK 180 millions. Ovako Steel's sales operations in the USA are not affected by this operation.



Ericsson selected by BT to deploy first business DSL Access in Ireland
(15.08.02) Ericsson today announced that it is partnering with Esat BT, the Irish arm of BT Ignite, BT's business services and solutions division, to deploy Ireland's first DSL solution specifically designed for the business market. The contract award is in the value of €25m.
BT Ignite will use the DSL platform to offer Internet, data and voice services to corporate customers in Ireland. Ericsson will manage, support and rollout the DSL solution, comprising DSL Equipment for co-location sites, Voice over DSL equipment for the integration of voice and data over the same DSL line, customer premises equipment and integrated access devices for BT Ignite customers.

"BT Ignite is the first to offer DSL services to the business market in Ireland and we are delighted to have Ericsson as our partner," said Steve Andrews, President, Carrier and Networks, BT Ignite. "We view a partnership approach to developing our networks as key to delivering the best services cost effectively across Europe, and this is another example of how working with a leading supplier such as Ericsson is helping us to further develop our services."

"BT Ignite had set some very demanding technical and performance targets, insisting on a world class solution at a very competitive cost and I am delighted that Ericsson met their requirements," said Stefan Feniuk, Vice President of Communications Solutions at Ericsson. "By choosing Ericsson to manage the complete DSL service, and with the capacity and reliability of the solution, BT Ignite are well positioned to meet the growing demand for DSL services."



Pannon GSM in Hungary selects Nokia to supply its consumers with mobile images, sound and text
(15.08.02) Hungarian mobile operator Pannon GSM has signed an agreement with Nokia for the supply of a complete end-to-end multimedia messaging (MMS) system for Pannon GSM's network. Nokia MMS solution gives mobile subscribers the ability to send and receive text, images, graphics and sound blended into a single rich message.
"Pannon GSM is happy to further strengthen our co-operation with Nokia. We believe that MMS will enable Pannon GSM to offer the new, modern multimedia services as well " says Björn Flakstad CEO of Pannon GSM.

"We are delighted to deliver Nokia MMS solution to Pannon GSM. With the Nokia MMS Pannon GSM's customers will benefit from the latest products and services that are taking us nearest ever to the next generation of mobile communications," says Thomas Högberg, Senior Account Manager, Nokia Networks in Hungary.

Within the industry, Nokia has delivered an MMS solution since December 2001. Pannon GSM Rt. is a mobile telecommunications operator in Hungary, headquartered in Budapest. The company offers high quality GSM voice and data communication services in 900 and 1800 MHz frequency. The network is accessible in 99% of the territory of Hungary.


TANDBERG Television secures significant digital cable system order in Spain
(12.08.02) TANDBERG Television announces that yesterday it received an order for a digital cable TV system from Spanish consortium Enditel Soluziona. The order is to fulfil a contract awarded to the consortium by the Spanish cable operator, AunaCable, for the launch of its new digital cable system later this year. The value of the contract to TANDBERG Television is expected to exceed €4 million.
TANDBERG Television will provide a wide range of solutions and services to bring digital video delivery and systems monitoring to AunaCable's planned 'triple play' consumer service, which will combine telephony, high-speed internet and broadcast quality television.


ZENITEL signs a long-term service contract for the Öresund Bridge and renews with Dutch COMBONET
(12.08.02) Brussels / Oslo, August 9, 2002 - Zenitel (Euronext: SAIT, OSE: SAI) today announced the closing of two long-term service contracts. The contract for the maintenance of the radio communication system of the Oresund bridge-tunnel complex between Denmark and Sweden is for duration of 4 years. The Dutch contract for the maintenance of the "Combo System" lasts 3 years. The contracts have a joint value of 2.6 mio EUR.
"Both communication investments have been installed by Zenitel and are key references for our Service activity. Service is a spearhead in our strategy and a major profitable growth driver in our business plan until 2006. Already more than 30% of Zenitel's revenue stems from Service, including after sales service, maintenance and repair, installation and commissioning and our impressive Total Care offering. Total Care brings our customers a high-level focused service with guaranteed results at pre-defined prices. " says Patrick De Groote, CEO of Zenitel. "The fact that Oresund and ComboNet again have singled out Zenitel as their long-term service partner is a major, positive signal for all stakeholders of the company."


Skandia starts Internet bank in Switzerland
(09.08.02) Skandia Bank Switzerland today opened for business. The bank is a wholly owned subsidiary of Skandia and is independent from SkandiaBanken, which is established in Sweden, Norway and Denmark.
Skandia Bank Switzerland caters primarily to expatriates, offering a range of services including deposit accounts, credit cards, mutual funds, equity trading, and accounts in various currencies.


Ericsson responds to BB+ rating by Standard & Poor's
(01.08.02) Standard & Poor's today announced that it has downgraded the long-term credit rating of Ericsson from BBB- to BB+, maintaining their CreditWatch status pending completion of the rights offering. Ericsson's ratings from Standard & Poor's and Moody's Investor Services are now aligned. The downgrade has no effect on Ericsson's rights offering.
"This downgrade has no effect on our rights offering. As we have said earlier, the underwriting agreements with our banks remain firm and so does the commitment from a group of our major shareholders." says Michael Treschow, Chairman of the Board, Ericsson.

As stated on July 26, the underwriting agreements are unchanged even if the company's credit rating were to drop to BB by Standard & Poor's or Ba3 by Moody's Investor Services.

"We consider it unlikely that our rating should fall two more steps before completion of the rights offering, and we are confident that the rights offering will be completed as planned," says Michael Treschow.



NCC receives order for the extension of the Metro system Circle Line in Singapore
(31.07.02) NCC is partner in an international joint venture which has been awarded contract, C822, for the extension of the Metro system Circle Line in Singapore. The total value of the contract is approximately SEK 1,9 billion, of which NCC's portion is 850 MSEK. The Client is LTA, the Land Transport Authority of Singapore, a statutory board under the Ministry of Transport.
The Joint Venture comprises of NCC and Econ Corporation Ltd, a well- established Singaporean construction company listed on the Singaporean stockmarket.

"We are delighted to have received our second major project with the same Client, Land Transport Authority, in Singapore." says Mr Per Nielsen, President of NCC International. "Singapore is one of our prioritized markets for project operations internationally and this type of repeat business reinforces NCC's focus on meeting, and indeed exceeding the Client's expectations from the Contractor."

Contract C822, is for the construction of two underground stations under Circle Line stage 2. It also involves the construction of the interconnection tunnels between the two stations.

Physical works will start in the last quarter of this year.



Ericsson responds to Ba1 rating by Moody's
(26.07.02) Moody's Investor Services today announced that it has downgraded the long-term credit rating of Ericsson from Baa3 to Ba1 and continues to review its rating for possible further downgrade pending completion of the rights offering. The action does not affect the underwriting of the rights offering.
"This action by Moody's does not affect the underwriting agreement from the banks nor the commitment from our largest shareholders. We are fully committed to maintaining a very conservative financial profile and the underwritten rights offering is an important element of this strategy," says Michael Treschow, Chairman of the Board, Ericsson.

The terms agreed with the banks supports the underwriting even if the company's credit rating were to drop to BB by Standard & Poor's or Ba3 by Moody's. Ericsson believes such a scenario is unlikely. According to Moody's, their new rating will remain under review until the completion of the rights issue, whereupon Moody's expects to confirm the Ba1 ratings with a negative outlook.

Credit agencies have been systematically lowering their ratings for the communication equipment industry for some time. Ericsson views Moody's decision as related to their view of the industry in general and the company believes that it will not impact Ericsson's leadership position in the market.



Metso sells the Dutch pump unit to American ITT Industries
(26.07.02) Metso Minerals, rock and mineral processing part of Metso Corporation, has sold Svedala Robot B.V. in the Netherlands to the American ITT Industries.
Svedala Robot B.V. came into Metso's possession in September 2001 through the acquisition of Svedala Industri AB from Sweden. The divestment is part of Metso's post-acquisition integration measures. The sales price will not be disclosed.

Robot B.V. is a manufacturer of submersible pumps and pump systems used in wastewater applications. The unit has annual net sales of approx. EUR 10 million and a personnel of approx. 75 people. It is located in Alphen aan den Rijn in the Netherlands. The company was founded in 1954 and acquired by Svedala in 1991.



EU clears merger between Telia and Sonera
(10.07.02) The European Commission today announces the approval of the merger between Swedish and Finnish telecommunications companies Telia and Sonera. The approval is based on the following commitments agreed by Telia and Sonera:
- Telia has committed to sell the mobile operations, dealership chain and wireless LAN business in Finland. In addition, the combined company has agreed to provide to the purchaser of its mobile operations in Finland national roaming on commercial terms and at a fair price if the purchaser does not already have a nationwide GSM network in Finland.

- Telia has committed to sell its comhem AB cable business and related network in Sweden.

- The combined company has committed to ensure that its fixed and mobile network businesses in Sweden and Finland are held in separate legal entities, which are distinct from related retail activities. The network companies' boards of directors will include an external director appointed according to corporate law. This commitment can be revised after five years.

- The combined company has committed to make available to telecommunications operators in Sweden and Finland its regulated wholesale fixed and mobile network products and international GSM roaming in Sweden and Finland on a non-discriminatory basis compared to the terms on which they are offered internally within the combined company. Pertaining to the roaming product, Telia-Sonera will have the right to require reciprocity in respect of prices, quality and other conditions. This obligation to provide services on a non-discriminatory basis is in force for a period of three years and will be subject to a fast-track dispute resolution procedure by arbitration.

The Swedish fixed (Skanova) and the Finnish mobile networks are already today operated separately. The Finnish fixed network is currently operated in a subsidiary (Sonera Carrier Network Ltd.).



Nokian tyres and Amtel enter into joint venture in Russia
(09.07.02)Russian Amtel Holding and Finnish Nokian Tyres plc have signed a letter of intent to form a 50/50 joint venture company for the purpose of manufacturing, marketing, and selling premium branded tires in Russia and CIS countries.
The letter of intent, is the latest step in a relationship between the two companies in formation of a strategic partnership. A final joint venture agreement is expected to be completed in the autumn 2002. The parties have already earlier agreed to start off-take manufacturing of Nordman branded tyres at Amtel factories in the autumn of 2002.

The Joint Venture, expected to be called Amtel - Nokian Trading, will produce tires under Nokian and Nordman brands in CIS and will have a manufacturing capacity of 3 Million tires. First Nokian branded tires are going to be produced at JV's facilities in Voronezh in 2004. Full capacity planned to be reached by 2007. Total investments into new manufacturing facilities will reach US$ 110 million with first year investment of 38 million, with the equity ratio of 30-40%.

"By combining the strengths of Nokian Tyres and Amtel, which have a strong strategic fit, we expect to create a more efficient organization committed to the needs of our customers in CIS countries", said Mr. Kim Gran, President of Nokian Tyres plc. "Furthermore, the new company has great innovative potential in product technologies and market knowledge. The elements for success in a growing Russian and CIS markets are very strong."

"The joint venture will have an impressive product range of tires for passenger cars, light and heavy trucks. Synergies in manufacturing capacity and distribution network of Amtel plus branded quality products and technology of Nokian Tyres will greatly benefit our customers, as we continue building critical mass in CIS markets," stressed Mr. Sudhir Gupta, President of Amtel. Amtel Holdings Company, a privately held company, is a leader in the tire industry in CIS countries with a total market share of approximately 30%. In the automobile and light truck market segment, AMTEL's share is even higher - over 36.5%. and now have 11 Grand Slam titles and 60 crowns overall.



Telia Purchases French and Italian assets of KPNQwest
(08.07.02) Telia International Carrier has broadened its position in France and Italy by expanding its Viking Network through the purchase of assets of a French subsidiary of KPNQwest.
Through the deal with KPNQwest's liquidator, Telia IC gets access to a duct-based high capacity network between Paris-Lille and Paris-Kehl (Germany) including a metro ring in Paris. Installed IP, SDH and DWDM equipment is an important part of the agreement.

"This investment represents a few percent of our annual investment budget and will give us a significant presence in one of Europe's most telecom intensive regions", says Erik Heilborn, President Telia IC.

The Swedish part of KPNQwest has already been picked by Swedish Internet Provider Internet5, who continue to strengthen their market share.



SEB continues to pursue sailing
(05.07.02) SEB's venture in the Volvo Ocean Race resulted in an increased appetite. The bank is now developing its commitment to the sailing sport through co-operation with Fredrik Lööf, one of the world's best sailors. Fredrik Lööf belongs to the elite of Swedish athletes, is a multiple World Champion and Olympic medallist and was nominated to Svenska Dagbladet's medal of honour after the Olympics in Sydney.
The cooperation between SEB and Fredrik Lööf stretches over a two-year period in the initial phase and includes, amongst other things, the World Championship in star boat in Los Angeles in August this year and the Olympics in Athens in 2004. "Fredrik is one of Sweden's greatest athletes, at the same time he is a very exciting person and will be an excellent ambassador for us," says Jan Torstenson, Head of Group Marketing at SEB. In practise, this means that Fredrik Lööf will be present at various kinds of customer activities, seminars and such. "Fredrik is considered to be a role model in how he prepares and carries out his ventures," says Jan Torstenson. "He will be able to bring us a lot of experiences."

SEB established itself within sailing through the sponsorship of the "SEB" during the Volvo Ocean Race. The co-operation with Fredrik Lööf is a natural next step. "We have had many good experiences during the Volvo Ocean Race. Sailing is an excellent sport to combine with exciting customer activities," says Jan Torstenson. "The connection between the bank and sailing has proven to work well in relationship building as well as in brand building purposes."



SAS Group to sell its shareholding in SMART
(05.07.02) The SAS Group has signed an agreement with Amadeus to sell its 95% stake in Scandinavian Multi Access Systems (SMART) to Amadeus. The shares are sold at a total price of approximately MSEK 1.000.
"We believe that the travel distribution business will be subject to structural changes and increased competition including a diversification of distribution channels. The ownership of SMART is not of a future strategic interest for the SAS Group and we are pleased to have reached an agreement with Amadeus, which is better positioned to support and secure the future development of the company. Further, we will enjoy the continued commercial relations with Amadeus, under the terms of our existing agreements" says Jørgen Lindegaard, CEO of the SAS Group.

"SMART operates in a region of great strategic importance for Amadeus," commented David V. Jones, Executive Vice President, Commercial for Amadeus. "We have a clear policy of supporting travel agents, within the travel distribution chain, so full ownership of SMART is a very logical step for us. We also look forward to continuing our close working relationship with the SAS Group".

Following completion of the acquisition, SMART will change its name to Amadeus Scandinavia.



International breakthrough for Kongsberg's Minesniper
(04.06.02) "The Minesniper market generally consists of all nations with a navy and with ongoing or planned programs for this type of sea mine destruction. We are working on many exciting projects these days and the UK and Italian Navy are two examples", says Ivar Flage, Kongsberg Defence & Aerospace.
"We are proud to have been chosen by IZAR and the Spanish Navy to equip their vessels. Kongsberg Defence & Aerospace will supply the Minesniper vehicle and the control system that will enable the Spanish Navy to destruct sea mines quickly and efficiently", states Marketing Manager Ivar Flage of Kongsberg Defence & Aerospace.

The system will be deployed on Spanish mine-clearing vessels. Initially, the contract covers two vessels and carries a price tag of roughly MNOK 15. The contract has a potential value of nearly MNOK 70, including options for another four vessels.

Minesniper is also be marketed in a helicopter based version, and Kongsberg is in the process of making a larger offer to US Navy in co-operation with the US defence industry.



Trelleborg reaches final agreement for sale of the operations within Metech
(27.06.02) The Trelleborg Group has signed a final agreement for the sale of the operations within its metals-recovery company in the US, Metech International Inc. The purchaser, through its American subsidiary, is the Viking investment company, which is listed in South Africa. The transfer of ownership is expected to occur during the third quarter of 2002.
The sale of the Metech operations will result in a loss of approximately USD 3 M, which will be charged against the Trelleborg Group's earnings during the second quarter, and a positive cash flow of approximately USD 12 M during the third quarter.

"The sale offers an acceptable way to free the capital tied up in the Metech operations, while it also means that we have now divested virtually all units outside our core operations," notes Fredrik Arp, Trelleborg Group CEO.



Hydro Aluminium step up production of engine blocks
(27.06.02) Hydro Aluminium has developed an all aluminium engine block for a new high volume diesel engine. On the basis of a serial production order for this engine block and with prospects for new orders for aluminium blocks, the board of Norsk Hydro has approved a major expansion of VAW alucast, Dillingen.
The technology is developed through the former VAW Casting Business Unit in partnership with a renowned European car maker over the last few years.

Up until today, mainly gas engines could be made from aluminium. Blocks for high performance diesel engines must sustain high temeperatures and up to three times the pressure of traditional gas engines. With this new development also high-end diesel engines can be produced from aluminium.

The development, which makes production of high performance diesel blocks feasible, contains several proprietary elements. The technology offers advantages to the automotive industry such as integration of features that were previously not possible to integrate in the block as well as substantial weight savings of 30-50 kilo per block.

Ericsson wins GSM expansion and upgrade contract in Serbia
(27.06.02) Ericsson and leading Serbian operator Mobtel have signed a contract valued at more than USD 105 million to expand and enhance Mobtel's GSM 900/1800 network. Ericsson will as sole supplier provide equipment, software and services in the expansion.
Implementation will begin immediately, and when completed in 12 months will allow Mobtel to offer their customers the latest, most advanced services, including MMS (Multimedia Messaging Service). Capacity in the network will nearly double, from the current one million subscribers to close to two million.

"The enhancements this contract brings will allow Mobtel to offer the newest Mobile Internet services to our users as well as prepare us for major subscriber growth," said Sreten Karic, General Director of Mobtel.

"This represents a big and inspiring step for the Yugoslav market," said Mobtel Director in Charge Branislav Andjelic. "We are very happy to work with Ericsson. We have been in partnership with them since 1995 and will continue for years to come."



Scania in a major new deal with Russia
(27.06.02) Scania has sold 100 trucks to Russia's third-largest gas and oil company, Surgutneftegas. This puts Scania's vehicle sales in Russia for the first six months of this year on a par with the figure for the whole of last year.

All the trucks in the latest order feature all-wheel drive. The contract is for 50 three-axle tractors and 50 three-axle tippers. The deal with Surgutneftegas also encompasses spare parts, and the contract is valued at about 9 million EUR.

"Our Russian operations have seen exceptional expansion since the market bottomed out during the country's economic crisis of 1998," says PG Nilsson, the Managing Director of Scania's Russian subsidiary, Scania Russia. "Within the next five years, Russia will develop into one of Scania's ten-largest markets.


Metso supplies crushing and road construction equipment to India
(27.06.02) Metso Minerals has received orders worth more than EUR 20 million for rock crushing and road construction equipment for India's road infrastructure development. The customers are Indian and Malaysian construction companies. The deliveries are taking place during the second quarter of 2002.
The equipment supplied by Metso Minerals includes 15 crushing plants as well as rollers, pavers and other road construction machinery.

India has introduced several large projects to improve its road network and traffic connections. Current projects include three major motorways with a combined length of more than 13,000 kilometers. The largest project is the 5,800-km long 'Golden Quadrilateral', which will combine Delhi in the north, Mumbai in the west, Bangalore and Chennai in the south and Kolkata in the east. The other two motorways will cross the country from east to west and from north to south.


Telia chosen by Belgacom for international backbone contingency
(26.06.02) Telia International Carrier (Telia IC) and Belgacom are strengthening their ties. Due to the current instability in the telecom market Belgacom has reserved DWDM capacity on Telia IC´s Viking Network for an initial period of six-months in order to secure its current pan-European network if the need arises.
Telia IC will deliver 36 wavelengths, making up a total of 8 European rings connecting Brussels, London, Paris, Strasbourg, Frankfurt, Dusseldorf and Amsterdam, and securing network continuity for Belgacom customers.

Telia and Belgacom already have ongoing voice contracts and last week Belgacom ordered STM-1 connections to replace capacity on KPNQwest´s network . The contingency solution is another step in the current cooperation between the two companies.

- Not only was Telia IC´s offer competitive but the financial stability of the company, combined with an extensive footprint, helped to close the deal, comments Bridget Cosgrave, President of the Carrier and Wholesale Business Unit at Belgacom.


Debut for Skandia in France
(26.06.02) Skandia today opened its operation in France, marking the continued build-up of its successful concept. Skandia France will initially offer its products through independent financial advisers and brokers.
"By establishing operations in France, which is Europe's second-largest savings market, Skandia is following up its European strategy and now covers the largest savings markets in Europe," says Ulf Spång, Senior Executive Vice President of Skandia and head of the Europe Division.

Hein Donders, COO, Skandia France, adds: "Skandia France's strength is being part of a global savings company, which gives us access to global fund solutions, global analysis resources, and market-leading technology."

The French savings market is expected to grow rapidly based on the demographic trend. In addition, the country is currently debating changes in its pension system.


Axis delivers video servers to home security project in Singapore
(25.06.02) Axis Communications continues to prove its market leading position in IP-based video security and surveillance solutions. Together with local partners Axis was chosen to deliver an easy-to-use and cost-effective video surveillance solution to a new residential housing project in Singapore. The order is worth over 300 000 Euros.
The surveillance solutions to be implemented are based on AXIS 2400 video servers, allowing high quality images to be transferred and managed efficiently and cost effectively. With its built-in Web access, the digital video servers from Axis minimize administrative needs and enable security staff to view all images on or off site on a 24-hour basis. The solution also adds direct value to tenants by making it possible for them to monitor their homes through live video feeds. Residents can subscribe to broadband Internet and access "their" cameras remotely via a customized portal.

The ability to offer tenants, or house owners, a secure environment is an increasingly important part of any housing project brought to market. Surveillance solutions that add to a greater feeling of security are therefore a competitive advantage in new housing developments, but at the same time cost effectiveness is highly prioritized to be able to build secure homes with rents and costs that tenants can bear. Axis' main advantage in efforts like this is its ability to deliver tailor-fit video surveillance solutions that are easy to install, user friendly and cost effective.



Norske Skog in global agreement to guarantee employee rights
(24.06.02) A new agreement will guarantee employee rights at all of Norske Skog's mills throughout the world. The agreement - between the International Federation of Chemical, Energy, Mine and General Workers' Union (ICEM) and Norske Skogindustrier - is the first of its kind among the world's paper and pulp producers.
"We in Norway regard it as a matter of course that employee rights should be protected by laws and agreements," says Kjell Bjørndalen, head of the Norwegian United Federation of Trade Unions. "In other parts of the world this is by no means a matter of course. The agreement now concluded will guarantee all employees of the Norske Skog group, throughout the whole world, basic union rights at their company. This means, among other things, a right to establish trade unions, the right to collective bargaining, an obligation to provide information and minimum health, environment and safety standards," emphasises Bjørndalen.

""The agreement with the Norwegian United Federation of Trade Unions/ICEM is an expression of our will and ability to think innovatively in our efforts to be a good employer and a company aware of its social responsibility," says CEO and President Jan Reinås, Norske Skog.

"We take it for granted that all Norske Skog's activities should respect basic human rights and fundamental ILO conventions on the protection of employee rights. The agreement harmonises well with our core values of Openness, Honesty and Cooperation," he adds, pointing out that this agreement commits the company to observe basic human rights and to guarantee good working and cooperation conditions.

"This is what we do at Norske Skog, and it is an absolute requirement for our entire global organisation," says Jan Reinås. .



Enea Wins Outsourcing Order in Telecom Field
(24.06.02) Enea Realtime has won an order from Ericsson for the administration and maintenance of testing platforms for the verification of 3G radio base stations. The contract runs over 4 years and includes product maintenance, user support and further development.
"We are naturally very pleased that Ericsson has shown this confidence in us, which is an important confirmation of the correctness of the strategy we have determined," says Peter Johansson, President, Enea Realtime.

"Our plan to grow in the outsourcing area and as a provider of complete undertakings appears to be timely. In this manner, we are able to function as an external development and maintenance department to Ericsson, complementing their competence in testing and verification."



Modest interest in evening trading
(20.06.02) Stockholmsbörsen(Stockholm Stock Exchange) will not introduce evening business hours during 2002. Stockholmsbörsen has concluded that the demand is insufficient to enable smoothly functioning evening trading. Healthy trading liquidity is a prerequisite for operating a smoothly functioning and efficient marketplace. The assessment made by Stockholmsbörsen is that evening business hours would not give rise to the requisite liquidity in the current market climate.
"Our objective is to always offer a smoothly functioning and sufficiently liquid marketplace. After assessing the opinions of Exchange Members, we have arrived at the conclusion that the current demand for trading during evening hours would not be sufficient to achieve satisfactory trading liquidity during those hours. In view of this, introducing evening business hours could damage the credibility of the entire market", says Claes Urban Dackberg, Product Area Manager Equity Products at Stockholmsbörsen. "This does not mean that we are completely abandoning our belief in extended business hours. We still believe that evening trading could prove attractive when demand reaches a level that is sufficient for offering satisfactory liquidity also during evening hours," Dackberg continues.

Stockholmsbörsen engages in a continual dialog with Exchange Members, regarding such matters as business hours, to ensure that the marketplace remains as efficient as possible.



Nokia and Belgacom Mobile sign a three-year frame agreement
(20.06.02) Nokia and Belgacom Mobile NV/SA have signed a three-year frame agreement for the expansion of the Proximus brand GSM network in Belgium. Nokia will provide a full range of GSM radio-access network infrastructure, operational support systems equipment and related services.
Deliveries have already begun and will continue over the next three years, according to Proximus' needs.

In addition to network equipment, the agreement includes consulting services for project management and provides the Nokia KeyCare Package.

"We are very please to be expanding the GSM network, as it well reflects the long-term dedication we have to our relationship with our customers," says Folke Rosengard, Account Director, Nokia Networks. "Since 1996, we have been working together with Proximus starting with the building and optimizing of its GSM and GPRS network and are now paving the way to a new era of advanced mobile services."



Nokia and Belgacom Mobile sign a three-year frame agreement
(20.06.02) Nokia and Belgacom Mobile NV/SA have signed a three-year frame agreement for the expansion of the Proximus brand GSM network in Belgium. Nokia will provide a full range of GSM radio-access network infrastructure, operational support systems equipment and related services.
Deliveries have already begun and will continue over the next three years, according to Proximus' needs.

In addition to network equipment, the agreement includes consulting services for project management and provides the Nokia KeyCare Package.

"We are very please to be expanding the GSM network, as it well reflects the long-term dedication we have to our relationship with our customers," says Folke Rosengard, Account Director, Nokia Networks. "Since 1996, we have been working together with Proximus starting with the building and optimizing of its GSM and GPRS network and are now paving the way to a new era of advanced mobile services."



Kinnevik sells 1/3 of it's forests and sawmill to Sveaskog
(19.06.02) Kinnevik today announced that is has reached an agreement with Sveaskog on selling 200 000 hectares forestland, corresponding to 1/3 of Korsnäs forest as well as the sawmill operation within Korsnäs. The deal is expected to be completed during the latter part of August. Agreement has been reached between Korsnäs and Sveaskog that will secure the supply of raw material to equivalent production volume.
Over the years, Korsnäs AB has been over capitalized and has had the advantage of additional stability through exceptionally large shareholders' equity, and a very large holding of forestland. Thereby, the company has carried lower interest costs than the industry average and has also benefited from profits from its forestry holdings. Korsnäs AB shall be one of the world's most efficient paper producers in the future without these advantages, showing stable profits regardless of upswings and downturns in the economy.

The Kinnevik sale of these assets is to be seen as a step towards a modernization of Korsnäs that requires higher return on capital and through which, capital is made available for investments with greater rate of return. The price is estimated to a total of MSEK 2 060 and the capital gain to MSEK 750, assumed that prior write-ups are split equally over the forestland.


Metso proposes reduction in UK manufacturing capacity
(18.06.02) Metso Minerals is o reorganize its manufacturing capacity in the UK. As a result, a component manufacturing unit located in Charlestown, Cornwall, in the UK is being considered for closure. The factory employs 108 people and had net sales of EUR 7 million in 2001.
The factory was transferred to Metso Minerals in September 2001 through the acquisition of Svedala Industri AB from Sweden. Since then Metso Minerals has reorganised and downsized its manufacturing capacity worldwide, most notably in North America.

The Charlestown unit consists of a foundry and associated machine shops, manufacturing primarily casting components for other Metso Minerals' operations worldwide.

Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and aftermarket and services. The corporation's core businesses are fiber and paper technology, rock and mineral processing and automation and control technology.


Swedish budget deficit in 2003 will increase the supply of Treasury bonds
(18.06.02) During 2002, the central government budget will show a surplus of SEK 25 billion, according to the Swedish National Debt Office's new report .
The Central Government Borrowing Forecast and Analysis shows that in 2003 the Debt Office anticipates a deficit of SEK 12 billion. Starting in October 2002, the supply of nominal Treasury bonds will increase to SEK 3 billion per auction.

The Debt Office forecast for 2002 monitors the central government's incoming and outgoing payments on a daily basis, so that it can fund the government's borrowing requirement or invest surpluses each day. This also provides continuous material for the Debt Office's forecast.

In 2002, tax revenues will be SEK 10 billion larger than in the previous forecast, which was published in February. However, the Debt Office is no longer expecting the central government to divest any assets during the year. Net lending to government agencies will be unchanged at about SEK 2 billion. Interest payments on the central government debt are estimated at SEK 59 billion. This is SEK 5 billion lower than in the last forecast. The surplus is thus projected to reach SEK 25 billion.

For the first time since 1997, the central government budget is expected to show a deficit in 2003. This deficit is estimated at SEK 12 billion. Even though the growth in the Swedish economy is expected to be higher, the budget balance will thus deteriorate by SEK 37 billion compared to 2002. Adjusted for nonrecurring payments, the 2003 budget will show a deficit of SEK 17 billion.

Local governments will receive larger disbursements from the central government, since their tax revenues will increase. The cost of sickness benefit and higher unemployment benefits will lead to larger disbursements. Interest payments on the central government debt are projected to be as large as this year, SEK 59 billion.



Volvo Buses chosen as preferred supplier to leading Mexican Bus Operators
(13.06.02) Volvo Buses has been chosen as preferred supplier to two of the leading bus operator groups - the Flecha Amarilla and Toluca Groups - in Mexico. The new contract runs for three years with about 600 buses to be delivered per year. This agreement follows the earlier order for 900 units of Volvo 7550.
The contract gives Volvo Buses a leading position within the upper segments in the Mexican market. The deliveries will start already in mid 2002 and continue until mid 2005. The total framework agreement amounts to approximately SEK 3.0 billion.

With the introduction of the Volvo 7550, the Flecha Amarilla and Toluca Groups and Volvo have created a new standard in the market in upper class services. Volvo continues the trend by introducing the TX-platform through Volvo 9700 and extends the offer into the regular services with the Volvo 7350, built on the 7-litre platform. The introduction of the Volvo 9700 - in both a two- and a three-axle version - is a step in the global rollout of the TX-platform. For the transit service, MASA C11R with a new face-lift will be delivered.

"We are very honoured that the Flecha Amarilla and Toluca Groups have decided to choose Volvo Buses as their preferred supplier and long-term partner. The repeat order confirms our investments in a Mexican industrial base with quality products and a dedicated aftermarket operation. The operators and passengers in this demanding market have very well appreciated our products. Mexico has been the number one market in deliveries for us both in 2000 and 2001 and we are very encouraged by our customers confidence in our new products", said Jan Engström, President and CEO, Volvo Bus Corporation.



Vodafone and Anoto take 1st at 2002 Bluetooth Congress Award in Amsterdam
(17.06.02) Vodafone in Sweden and Anoto have been awarded first prize at the Bluetooth Congress Award in Amsterdam. The companies won the prize for the Vodafone Notera service which was launched in Sweden in April, and which enables hand-written texts and drawings to be sent digitally via mobile phone as e-mail, SMS or fax.
The jury explained its decision by stating that the service clearly shows how bluetooth solutions generate unique income opportunities for mobile operators around the world while also helping bluetooth become the standard for all future mobile terminals.

"Vodafone Notera is a mobile service of use to everyone using pen, paper, mobile phones or computers today, and there are also significant development opportunities for the future. It is, of course, also encouraging that the service has now gained international recognition," says Jon Risfelt, President and CEO of Vodafone in Sweden.

"The Bluetooth Congress Award serves as confirmation that we are on the right track and that mobile operators can offer an innovative, user- friendly service in their mobile data networks. The launch in Sweden is an important breakthrough for us, and the introduction of paper-based services in collaboration with a global operator such as Vodafone in Sweden will help ensure that Anoto functionality is made widely available to the public," says Christer Fåhreus, Anoto's President and CEO.



Chinese operator Yunnan MCC taps Nokia to expand its GSM network
(13.06.02) Nokia and Yunnan MCC have signed a contract for the further expansion of Yunnan MCC's GSM network. The expansion represents phase eight of Yunnan MCC's network expansion and will improve the network's coverage and capacity. The total value of the contract is estimated at approximately 75 million USD.
Under the agreement, Nokia will provide infrastructure for GSM core and radio-access networks, as well as its mPosition location-services solution and USSD messaging solution. Nokia mPosition allows Yunnan MCC to offer value-added services based on the geographic location of the mobile subscriber. Unstructured Supplementary Services Data (USSD), being supplementary to popular SMS, enables Yunnan MCC to offer faster messaging services.

In addition to equipment, Nokia will provide extensive support services for fast network ramp-up, including project management, implementation, radio-network planning and optimization services.

"We are very pleased to be extending our cooperation with Yunnan MCC," says David Ho, Vice President of Nokia Networks China "As we see it, our stable long-term relationship brings value to both our companies. With this particular expansion, Yunnan MCC not only grows its coverage and capacity, but also prepares to expand into new service areas such as location-based services."

Deliveries have already begun and the expanded network will be operational later this year.<