English
Published: 2011-02-04 13:16:46 CET
PartnerTech AB.
Company Announcement
PartnerTech intends to consolidate its UK operations to the Cambridge facility
PartnerTech intends to consolidate its UK operations to the
Cambridge
facility

PartnerTech Ltd (UK) today announced that it intends to
consolidate its
UK operations to its Cambridge facility. The purpose of the
proposal is
to further strengthen PartnerTech's business in the UK in order to
reach
sustainable profitability in this market. This consolidation of
its
business to Cambridge is expected to reduce costs and increase
efficiency
but also to increase market focus and customer service.

“I see this as a
necessary and strategic step in the UK to reach
sustainable profitability and
growth also in this key market. By doing
this and using PartnerTech's total
sales and production channels, there
will be great potential”, says Mr Leif
Thorwaldsson, President and CEO
of the PartnerTech Group.

Costs related to
this action are expected to mainly effect the first
quarter of 2011 and are
estimated to a maximum of SEK 10 million.

For additional information, please
call:
Leif Thorwaldsson, President & CEO, +46 40-10 26 41
Marielle Noble,
IR/Communications Manager +46 40-10 26 43
John Gobbi, Managing Director
PartnerTech UK, +44 1553 78 00 00
 


02042148.pdf