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Prevas Acquires Company with Leading-Edge Expertise


Prevas has signed an agreement to acquire to acquire Optilution AB. The company consists of 5 employees providing specialist expertise in industrial IT systems for the production and process industries. The company employs Scandinavia's leading experts on Wonderware - world-leading products when it comes to software for industrial IT applications. The acquisition of Optilution makes Prevas the leader in Scandinavia on Wonderware software.
The market for industrial IT systems is experiencing strong growth due to the high demand for systems that integrate and optimize the use of information from automation, logistics and business information systems in order to achieve higher productivity and more efficient logistics. These types of systems are used by both manufacturing and process industries. For many years now, Prevas has played an important role in this area and, through its partnership with Wonderware, has access to one of the leading automation platforms in the world. There are more than 400,000 Wonderware licenses installed at approximately 100,000 companies worldwide. This is equal to approximately 30% of all companies in the world that have more than 20 employees.
"The Optilution acquisition means that our strategic investment in Wonderware as the software platform for industrial IT applications is about to really take off. We look forward to providing solutions that will help our customers achieve even higher levels of productivity. The acquisition also brings us in touch with entirely new groups of customers within the process industry and elsewhere in the Nordic region. This is just what we had in mind when we formulated our current strategy," says Anders Englund, CEO of Prevas.
"Optilution has focused on leading-edge competence in Wonderware products right from the start. Now, together with Prevas, we will be able to take on larger projects and achieve an even higher level of expertise within the area of automation," says Robert Majanen, CEO of Optilution.
The signed acquisition agreement came into effect on June 1, 2007. The fixed purchase sum was made up of 93,000 newly issued Prevas B-shares that were worth SEK 3.3 million on the effective date. Additional remuneration based on Optilution's earnings trends for 2007, 2008, and 2009 may also be added to the purchase price. However, the maximum total consideration may not exceed SEK 10 million. In accordance with the resolution adopted at the annual general meeting on March 28, 2007, the Board of Directors at Prevas has decided to finance the acquisition through a non-cash issue directed Optilution stockholders. Optilution will be fully included in Prevas' Consolidated Financial Statements as of the second quarter of 2007. The anticipated positive impact on profits before tax is approximately MSEK 3 per year, with the full effect expected to be reached during the second half of 2008.
The Industry's Choice for Profitable IT
Industrial companies face extremely tough global competition in today's market. Survival depends on a structured work methodology with continuous improvements in both productivity and quality. But that is not all. What is also needed is innovation in the form of new technical solutions that increase flexibility and profitability in both processes and systems. Prevas has been delivering profitable, innovative solutions to industry for over 20 years. Based on our industry knowledge, Prevas has succeeded in making over 1,000 project deliveries that have lowered costs, improved quality and strengthened the brand name of many leading global organizations.

Anders Englund, CEO Prevas AB
Tel: +46 (0)8-726 40 56, Cell: +46 70-620 96 59

Robert Majanen, CEO Optilution AB
Tel: +46 (21) 470 21 00, Cell: +46 (70) 641 26 99

Tom Hollowell, Business Area Manager for Prevas Industrial Systems, Prevas AB
Tel: +46 54 14 74 33, Cell: +46 703-14 74 33


With leading expertise in high-tech product development, embedded systems and industrial IT & Automation, Prevas contributes by providing innovative solutions and services that create growth.

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