Sigma has signed an agreement with the current majority shareholders of Technology Information Inc. (KII) to sell Sigma’s 25.1% shareholding in KII. It has become apparent that the economies of scale are small and the parties will market their respective services independently. Sigma continues to focus its service offering on large global companies.
The 25.1% interest in KII was acquired when Sigma purchased the subsidiaries of Technology Information Ltd in Finland, Hungary, France in the beginning of 2007. The acquired companies, as well as Sigma Information Design changed names to Sigma Technology and forms the leading supplier within technical information and related services.
Sigma and KII, which has been re-named Anfield Inc, will continue to cooperate in some areas and develop the business relations between the companies.
Sigma will continue to support and grow the existing customer base in North America, directly and with Anfield as partner in some cases.
The transaction has no financial impact on Sigma earnings.
For further information, contact:
- Carl Vikingsson, President, Sigma Technology,
mobile phone: +46-706-01 19 00;
- Peter Oom, Vice President, Sigma Technology,
mobile phone: +46-706-01 19 16;
Sigma delivers to an international market and concentrates on functional undertakings. Sigma is listed on the Swedish Stock Exchange and employs about 1,300 people in Sweden, Denmark, Finland, France, Hungary, China and Ukraine.