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2014-04-02

Addnode Group: Addnode Group has signed an agreement to acquire Symetri, a UK market-leading provider of IT solutions for design and engineering businesses

STOCKHOLM, April 2, 2014 - An acquisition of UK based Symetri's
business from Airbus Defence and Space is in line with Addnode
Group's strategy to be a market leading provider of mission-critical
systems and solutions for design and engineering activities. With an
annual turnover of SEK 80 M, Symetri will be a first step in an
expansion to the UK market, which is expected to be one of Europe's
fastest growing economies in 2014. Completion of the transaction is
subject to certain conditions.

Symetri is an Autodesk Gold partner and a supplier of software for
computer-aided design and related consulting and training services.
The business of Symetri is expected to generate an annual turnover of
SEK 80 M and employs 23 employees. Symetri is the largest Autodesk
reseller toward the UK manufacturing and Oil & Gas market.

"An acquisition of Symetri opens up UK as a new market for Cad-Q and
Addnode Group. Symetri has a strong position in the UK market and we
can support Symetri with a broader product portfolio and a service
offering as well as our experience of global customers", says Rolf
Kjærnsli, Managing Director Cad-Q and head of Addnode Groups Business
Area Design Management.

"This is in line with Addnode Group's strategy to be a leading
provider of mission-critical support systems for design and
engineering activities. Cad-Q and Addnode Group are one of Europe's
leading providers of design and PLM solutions. This transaction would
open up a foothold for us in a new geography", says Staffan Hanstorp,
CEO and President of Addnode Group.

The acquisition of Symetri is an asset deal. Addnode Group has signed
an agreement to acquire the assets of Symetri, certain contracts and
to take on the employees. Completion of the transaction is subject to
the transfer of certain leases and customer related contracts. The
purchase price will be paid in cash and amount to less than SEK 30 M.

The information in this Press release is such that Addnode Group must
disclose in accordance with the Swedish Securities and Clearing
Operations Act and/or the Financial Instruments Trading Act. The
information was released on April 2, 2014 at 08:30.

Rolf Kjærnsli, CEO of Cad-Q and manager for Business Area Design
Management

Phone: +47 915 75 961, e-mail: rolf.kjaernsli@cad-q.no
Staffan Hanstorp, CEO and President of Addnode Group
Phone: +46 (0) 733 77 24 30, e-mail: staffan.hanstorp@addnodegroup.com
Johan Andersson, CFO and head of Investor Relations, Addnode Group
Phone: +46 (0) 704 205 831, e-mail: johan.andersson@addnodegroup.com

About Addnode Group
Addnode Group provides mission-critical IT solutions to selected
markets in both private and public sectors. We acquire, build and
manage companies that deliver mission-critical IT solutions for the
specific needs of our clients. Every day, 250,000 engineers use our
systems to develop and maintain products, buildings and facilities.
100,000 civil servants in the public sector use our solutions for
municipal and state administration.

We are 950 employees in Sweden, Norway, Finland, Denmark, Serbia,
India and USA. In 2013 net sales totaled SEK 1 444 M. Addnode's
Series B share is listed on the OMX Nordic List, Small Cap. More
information about Addnode Group on www.addnodegroup.com

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http://news.cision.com/addnode-group/r/addnode-group-has-signed-an-agree...
http://mb.cision.com/Main/474/9560937/228152.pdf

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